Given an Actual Latest Demand of 59,a Previous Forecast of 64,and

question 63

Multiple Choice

Given an actual latest demand of 59,a previous forecast of 64,and $\alpha$ = 0 3,what would be the forecast for the next period using the exponential smoothing method?

• A)36 9
• B)57 5
• C)60 5
• D)62 5
• E)65 5

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Definitions:

Fiduciary

A person or entity entrusted to manage assets or interests of another with a duty to act in their best interest.

Trust

A fiduciary relationship in which one party holds legal title to property for the benefit of another.

Express Authority

The power granted to an agent or entity explicitly and clearly by the principal or by law.

Actual Authority

The power granted to an agent by a principal to legally bind the principal in transactions with third parties.