As a Consultant You Have Been Asked to Generate a Unit

question 81

Multiple Choice

As a consultant you have been asked to generate a unit demand forecast for a product for year 2014 using exponential smoothing.The actual demand in year 2013 was 750.The forecast demand in year 2013 was 960.Using this data and a smoothing constant alpha of 0.3,which of the following is the resulting year 2014 forecast value?

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

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Definitions:

Assets and Liabilities

A financial accounting term referring to a company's resources (assets) and obligations (liabilities).

Bookkeeping Accounts

The records of the financial transactions and positions of a business, systematically organized for reporting and analysis.

Double-entry Bookkeeping

An accounting practice where every financial transaction is entered as both a debit in one account and an equivalent credit in another, ensuring the books are always balanced.

Revenues and Expenses

Financial terms referring to the income generated from business activities (revenues) and the costs incurred (expenses) during a specified period.