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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? Period Demand
1 600
2 200
Test-Retest Reliability
The consistency of an individual's scores on a test administered at two different times, used to assess the reliability of the test.
T-Scores
Standardized scores with a mean of 50 and a standard deviation of 10, used to compare individual scores across different tests.
Self-Actualizing Values
Values that prioritize personal growth, fulfillment, and achieving one's potential, reflecting the top of Maslow's hierarchy of needs.
Percentiles
A method of comparing raw scores to a norm group by calculating the percentage of people falling below an obtained score, with ranges from 1 to 99, and 50 being the mean.
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