Given the Following Data,use Exponential Smoothing (α =

question 52

Multiple Choice

Given the following data,use exponential smoothing (α = .1) to develop a demand forecast for period 3.Assume the forecast for the initial period is 500.What is the forecast?

• A)569
• B)470
• C)541
• D)551
• E)479

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Definitions:

Informed Guessing

Making decisions or predictions based on available data and insights, even in the absence of complete information.

Risk Environment

An environment that lacks complete information but offers “probabilities” of the likely outcomes for possible action alternatives.

Factual Information

Data or details that are true and can be verified through evidence or observation.

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