Given the Following Data,use Exponential Smoothing (α =

question 102

Multiple Choice

Given the following data,use exponential smoothing (α = .2) to develop a demand forecast for period 3.Assume the forecast for the initial period is 5.What is the forecast?

• A)9.00
• B)3.72
• C)9.48
• D)5.00
• E)6.12

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Definitions:

40th Percentile

A statistical measure indicating that 40 percent of the population falls below a particular value or performance level, commonly used to assess and compare individual scores or characteristics.

Standardized Test

An examination administered and scored in a consistent manner across different individuals to measure their educational achievement or other attributes.

Mathematical Component

A part or aspect that involves mathematics or numerical calculations.

Test-Retest Reliability

A measure of the consistency of a psychological test or assessment, determined by comparing the scores of the same individuals on two separate occasions.