As a Consultant You Have Been Asked to Generate a Unit

question 92

Short Answer

As a consultant you have been asked to generate a unit demand forecast for a product for Year 2014 using exponential smoothing.Actual demand in year 2013 was 950 but the forecast for that year 1,060.Using this data and a smoothing constant alpha of 0.5,which of the following is the resulting year 2014 forecast value? ________________________________________

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculating profit or loss relative to the amount of money invested.

Departmental Income Statement

A financial statement that shows the income, expenses, and net income of different departments within a company.

Contribution To Overhead

The portion of revenue that exceeds direct costs and contributes to covering a company's fixed expenses.