The Business Analyst for Ace Business Machines,Inc $\alpha$ = 0 4,if the Forecast for Two Years Ago Was

question 15

Multiple Choice

The business analyst for Ace Business Machines,Inc.wants to forecast this year's demand for manual typewriters based on the following historical data:
Time Period :Demand
5 years ago :900
4 years ago : 700
3 years ago : 600
2 years ago :500
Last year :300
-What is the forecast for this year using exponential smoothing with $\alpha$ = 0 4,if the forecast for two years ago was 750?

• A)163
• B)180
• C)300
• D)467
• E)510

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Definitions:

Oral Promise

An oral promise is a commitment or assurance given verbally rather than in written form, which may or may not be legally enforceable depending on the context.

Negotiable

A characteristic of a financial instrument (like a check or bill of lading) that allows it to be transferred from one party to another as a form of payment or investment.

Contract Formation

The process by which parties agree to terms that are legally binding and enforceable.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, to the bearer or to an identified party.