Using Exponential Smoothing, If F_t = 220, Y_t = 240

question 34

Multiple Choice

Using exponential smoothing, if F_t = 220, y_t = 240, and α = .20, what is the new forecast F_t+1?

• A)217
• B)224
• C)232
• D)243

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Definitions:

Half-life

The time required for half the amount of a particular substance, such as a radioactive element or drug, to undergo a process of decay or elimination.

Isotope

Variants of a particular chemical element which differ in neutron number, and consequently in nucleon number.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, thermal, electrical, and chemical.

First Law

Often refers to the law of thermodynamics stating that energy cannot be created or destroyed, only transformed or transferred from one form to another.