As a Consultant You Have Been Asked to Generate a Unit

question 97

Multiple Choice

As a consultant you have been asked to generate a unit demand forecast for a product for year 2009 using exponential smoothing.The actual demand in year 2008 was 750.The forecast demand in year 2008 was 960.Using this data and a smoothing constant alpha of 0.3,which of the following is the resulting year 2009 forecast value?

• A)766
• B)813
• C)897
• D)1,023
• E)1,120

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Definitions:

Animalia

A kingdom of multicellular eukaryotic organisms that are typically motile and responsive to their environment.

DDT

A synthetic organic compound used as an insecticide, known for its environmental persistence and impact on ecosystems and human health.

Environmental Conditions

The various physical and biological factors that influence the life and development of organisms, including climate, soil, and living beings in an area.

Mean Difference

A statistical measure that represents the average difference between two sets of data points.