The Forecast Was 70 Units for the Current Period While

question 32

Multiple Choice

The forecast was 70 units for the current period while actual demand was 76.The forecast for the next period is 75.8.What is alpha if a simple exponential smoothing forecast method is being used?

• A)0.004
• B)0.967
• C)0.040
• D)0.097

---

Definitions:

Sequential Game

A type of game theory where players make decisions one after another, with each decision influencing future actions.

Payoff-Matrix

A table that shows the potential outcomes or payoffs of different strategies for two or more players in a game.

Game-Tree

A graphical representation of the possible moves in a game, showing the sequential nature of players' actions and choices.

Allocative Efficiency

A state of the economy where resources are distributed in a way that maximizes the net benefit to society, meaning that goods and services are produced and consumed at quantities where the marginal benefit equals marginal cost.