In an Exponential Smoothing Method, Weights Are Assigned

question 14

Multiple Choice

In an exponential smoothing method, weights are assigned

• A) just to the current actual and predicted values.
• B) just to the previous data point and its predicted value.
• C) to all past data points with weight α.
• D) to all past data points with more recent data points receiving more weight.

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Definitions:

Cost Centre

A segment of an organization where costs can be accumulated, but which does not directly generate revenue.

Standardised Services

Services that are provided in a consistent manner every time, ensuring uniform quality and experience across all service points.

Profit and Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year.

Common Fixed Costs

Costs that do not vary with the level of output or sales, shared among products or departments.