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A Company Wants to Generate a Forecast for Unit Demand

question 63

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A company wants to generate a forecast for unit demand for year 2014 2017 using exponential smoothing.The actual demand in year 2013 2016 was 120.The forecast demand in year 2013 2016 was 110.Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2014 2017 forecast value?


Definitions:

High Levels

A term used to describe situations, measurements, or quantities that are significantly above average or normal range.

Manage Diversity

The practice of recognizing, embracing, and leveraging differences within a group or organization to foster an inclusive environment and achieve better outcomes.

Highlighting Strength

The practice of emphasizing and showcasing the strong points or advantages of a product, service, or individual to differentiate them from competitors.

Identifying Resource

The process of recognizing and locating resources that can be utilized for a specific purpose or project.

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