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

question 10

Multiple Choice

As a consultant, you have been asked to generate a unit demand forecast for a product for year 2017 using exponential smoothing.You have data for the past three years and the forecast and the actual are the same for the first period of your data (3 years ago) .Which of the following is most accurate?

• A)Forecast for year 2017 will be higher than the actual for 2016, if your α is close to 1.0
• B)Forecast for 2017 will be between all the actual sales
• C)Exponential smoothing is a type of weighted average forecasting method
• D)B and C
• E)None of the above

Discuss the advantages and disadvantages of teams in the workplace.

Understand the phases and importance of the listening process in communication.

Understand the impact of virtual meetings versus in-person meetings and make informed arguments regarding their effectiveness.

Recognize different types of active listening and their applicability in decision-making contexts.

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Definitions:

Edward Darley Boit

Highlighted as the subject of John Singer Sargent’s painting "The Daughters of Edward Darley Boit," which portrays Boit’s daughters in their Paris apartment.

Vermeer

Johannes Vermeer was a Dutch painter of the 17th century, celebrated for his masterful use of light and color, and known for intimate domestic scenes.

Honoré Daumier

A French printmaker, caricaturist, painter, and sculptor known for his social and political commentary in the 19th century.

Satirical Artist

An artist who uses humor, irony, exaggeration, or ridicule to criticize or expose faults in society, politics, or human behavior.