Different Values of the Smoothing Constant Employed in Exponential Smoothing

question 125

Multiple Choice

Different values of the smoothing constant employed in exponential smoothing cause the smoothing procedure to react more or less rapidly to changes in the value of a series.Which of the following smoothing constants causes the least rapid reaction to a change in the current value of a series?

• A) 0.30
• B) 0.25
• C) 0.15
• D) 0.10
• E) 0.40

Recognize the importance and components of a mission statement.

Distinguish between different organizational strategies based on their approach to change and innovation.

Understand the concept of objectives setting and its significance in planning.

Articulate the relationship between planning and control within organizations.

---

Definitions:

CPI

The Consumer Price Index tracks the average variation in prices that urban buyers pay for a selection of consumer products and services over time.

Bureau Of Labor Statistics

A U.S. government agency responsible for collecting and reporting labor market activity, working conditions, and price changes in the economy.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

Weekly

Pertains to something that occurs, is done or calculated every week.