As a Consultant, You Have Been Asked to Generate a Unit

question 34

Multiple Choice

As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 2017 using exponential smoothing.The actual demand in year 2013 2016 was 750.The forecast demand in year 2013 2016 was 960.Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2014 2017 forecast value?

• A)766
• B)813
• C)897
• D)1,023
• E)1,120

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Definitions:

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.

International Labor Organization

A United Nations agency that sets international labor standards and promotes rights at work.

Transnational Labor Collaboration

A form of cooperation between labor unions or workers across different countries aimed at addressing and improving working conditions and labor rights on an international scale.

Unionization

The process by which workers come together to form a union in order to collectively bargain with their employer regarding wages, working conditions, and other employment matters.