A Company Has Had Actual Unit Demand for Four Consecutive

question 3

Short Answer

A company has had actual unit demand for four consecutive years of 100, 110, 125, and 150.The respective forecasts using exponential smoothing were 120 for each of those four years.What value of alpha, the smoothing constant, was the firm using? ____________________________________

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Definitions:

Force-Field Analysis

A technique used to identify, discuss, and evaluate the various forces for and against a proposed change.

Relevant Factors

Elements or variables that are pertinent to the understanding or outcome of a situation, analysis, or decision-making process.

Current State

The present conditions or status of an organization, process, or system at a specific point in time.

Personal Mastery Learning

The discipline of personal growth and learning which involves clarifying and deepening one's personal vision and focusing energies on achieving desired goals.