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:

Alfred Binet

A French psychologist who, along with his colleague Theodore Simon, developed the first intelligence test to assess cognitive development in children.

Interpretation Bias

A cognitive bias that influences how an individual assigns meaning to perceptual cues, events, or information, often based on personal experiences or beliefs.

Visuo-spatial Ability

Visuo-spatial ability is the capacity to identify visual and spatial relationships among objects, crucial for tasks ranging from reading maps to packing.