Examlex

Solved

Using a Simple Exponential Smoothing Model (Alpha = 0

question 22

Multiple Choice

Using a simple exponential smoothing model (alpha = 0.3) ,calculations for the most recent period generated a forecast of 25.10 units.Actual demand for that period was 31 units.What is the forecast of demand for the upcoming period?


Definitions:

Apparent Authority

A situation in which a person appears to have the authorization to act on behalf of another entity, leading third parties to reasonably believe such authority exists.

Knowingly

Acting with awareness or deliberate intention, often referenced in legal contexts to imply a person had knowledge or should have had knowledge of the implications of their actions.

Ratification

The act of formally confirming or approving an agreement, often after the agreement is initially made, to make it officially valid.

Fiduciary Duty

An obligation to act in the best interest of another party, such as that of a trustee towards a beneficiary.

Related Questions