Simple Exponential Smoothing Is Being Used to Forecast Demand

question 35

Multiple Choice

Simple exponential smoothing is being used to forecast demand. The previous forecast of 66 turned out to be four units less than actual demand. The next forecast is 66.6, implying a smoothing constant, alpha, equal to:

• A) .01.
• B) .10.
• C) .15.
• D) .20.
• E) .60.

Describe the role of culture, societal norms, and ethics in shaping business practices.

Identify the key principles of the Consumer Bill of Rights and its impact on consumer protection.

Understand the ethical considerations in information exchange including privacy policies and economic espionage.

Discuss how business cultures affect ethical behavior in exchanges between sellers and buyers and in competition.

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Definitions:

Undergraduates

Students who are pursuing their first degree, typically a bachelor's degree, in a college or university.

Canadians

Individuals who are from or resident in Canada, a country in North America.

Discrepancy

A lack of compatibility or consistency between two or more facts, figures, or opinions, indicating a difference that may need to be reconciled.

Plow Agriculture

The practice of farming involving the turning of the soil using plows, a method that significantly influences agricultural productivity and ecosystem changes.