A Manager Is Using Exponential Smoothing to Predict Merchandise Returns

question 34

Essay

A manager is using exponential smoothing to predict merchandise returns at a suburban branch of a department store chain. Given a previous forecast of 140 items, an actual number of returns of 148 items, and a smoothing constant equal to .15, what is the forecast for the next period?

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Definitions:

DASH

Dietary Approaches to Stop Hypertension, a dietary pattern promoted to reduce blood pressure, focusing on fruits, vegetables, whole grains, and lean proteins.

Hyperglycemia

A condition characterized by an excessively high level of glucose in the blood, often associated with diabetes.

Orlistat

A medication used to assist in weight loss by inhibiting the absorption of dietary fats in the gastrointestinal tract.

Absorption

The process by which substances are taken up into or across tissues, such as the absorption of nutrients by the intestines.