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:

Memory Address

A unique identifier for a memory location where data can be stored or retrieved in a computer system.

Class Variables

Class variables are variables defined within a class of which a single copy exists, shared by all instances of the class.

Primitive Variables

Basic data types directly containing values such as int, float, and boolean.

Reference Variables

Variables that store references to the objects rather than the object itself, pointing to the location of objects in memory.