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Ed Rogers Owns an Appliance Store

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Ed Rogers owns an appliance store. Sales data on a particular model of a DVD player for the past six months are: Ed Rogers owns an appliance store. Sales data on a particular model of a DVD player for the past six months are:    Forecast sales for July using an exponential smoothing model with a smoothing constant of 0.40. Assume that the forecast for May was 36.25.
Forecast sales for July using an exponential smoothing model with a smoothing constant of 0.40. Assume that the forecast for May was 36.25.


Definitions:

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and personality.

Carl Rogers

An influential American psychologist who founded the person-centered approach to therapy and emphasized the importance of the self-concept.

Congruent

Matching or in agreement; used to describe when two or more things are in harmony or are identical in shape and size.

Humanistic

Pertaining to a psychological perspective focusing on individual free will, self-fulfillment, and the concept of self-actualization.

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