The Zocor Company Is Interested in Forecasting Period 13 Sales

question 48

Multiple Choice

The Zocor Company is interested in forecasting period 13 sales for a product.It has 12 months of historical data.The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20. Which of the following would be the forecast for period 13?

• A)40.3
• B)39.2
• C)34.7
• D)36.5

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Definitions:

Cognitive Benefits

Advantages or improvements in brain function, such as memory, problem-solving, and attention, often stemming from engaging in certain activities or experiences.

Months

Units of time based on the Earth's orbit around the Sun, typically totalling twelve in a calendar year.

Spatial Relations

The concept that deals with the understanding of how objects or points are located in space in relation to one another.

Visually Related Concept

An idea or information that is primarily understood or learned through visual representation and perception.