Use of a Smoothing Constant Value Greater Than 0

question 71

Multiple Choice

Use of a smoothing constant value greater than 0.5 in an exponential smoothing model gives more weight to ___________.

• A)the actual value for the current period
• B)the actual value for the previous period
• C)the forecast for the current period
• D)the forecast for the previous period
• E)the forecast for the next period

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Definitions:

Collective Bargaining

The process of negotiating the terms of employment between an employer and a group of workers.

Unions

Organizations formed by workers to protect their rights and interests through collective bargaining with employers.

Efficiency Wages

Wages set above the market-clearing level by employers to increase worker productivity, discourage turnover, and reduce shirking.

Nutritious Diet

A diet that provides all the essential nutrients in correct proportions for healthy living.