Given the Demand and Forecast Values Shown in the Table

question 8

Multiple Choice

Given the demand and forecast values shown in the table below:

The exponential smoothing forecast for November using α = 0.35 is

• A)552.45.
• B)553.50.
• C)554.55.
• D)557.50.

---

Definitions:

Sample Mean

The average value of a sample set from a population, often used as an estimate of the population mean.

Standard Deviation

A quantification of the level of diversity or variability in a collection of values, demonstrating how much the values differ from their average.

Tire Pressures

The measure of air pressure within a tire, typically measured in pounds per square inch (PSI) or bar, important for vehicle safety and efficiency.

Normal Distribution

A probability distribution that is symmetric about its mean, indicating that data near the mean are more frequent in occurrence.