Under Which of the Following Conditions Would You Suggest That

question 98

Multiple Choice

Under which of the following conditions would you suggest that a double exponential smoothing model should be used instead of a single exponential smoothing model?

• A) When the time-series data exhibit a trend
• B) When there are two main time-series variables involved in the forecast application
• C) When the data exhibit only random variation
• D) When the data set is extremely uneven

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Definitions:

Manufacturer Orders

Requests or instructions sent to a factory or producer for the creation or supply of goods, indicating the quantity and specifications desired.

Incentive Obstacles

Challenges associated with designing incentive schemes that effectively motivate employees or stakeholders.

Product Availability

The extent to which a product can be purchased or obtained at the time a customer is ready to buy.

Bullwhip Effect

A phenomenon in supply chains where small fluctuations in consumer demand cause progressively larger fluctuations in demand at wholesalers and manufacturers.