To Initialize the Forecasts in an Exponential Smoothing Process, It

question 5

Multiple Choice

To initialize the forecasts in an exponential smoothing process, it is acceptable to:

• A)use the average of the first six observed data values.
• B)use the most recent data value in the observed data.
• C)apply the smoothing constant α to the mean of the data.
• D)ask a panel of experts to make a guess at the initial forecast.

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Definitions:

Convergent Thinking

Thinking aimed at finding the one right answer to a problem.

Creativity

The ability to produce original and valuable ideas, solutions, or expressions, often involving imaginative thinking and problem-solving skills.

Multiple Intelligences

A theory proposed by Howard Gardner that suggests individuals possess various kinds of intelligences, including linguistic, logical-mathematical, spatial, bodily-kinesthetic, musical, interpersonal, intrapersonal, and naturalist.

Learning Disability

A neurological disorder that affects an individual's ability to interpret, process, and respond to information, impacting learning skills such as reading, writing, and mathematics.