A Company Using Exponential Smoothing Technique for Forecasting Their Sales

question 39

True/False

A company using exponential smoothing technique for forecasting their sales in 2015 is likely to award a 1.5 weight for sales data of 2015,2.0 weight for sales data from 2014,and 2.5 weight for the sales data from 2012.

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Definitions:

Organizational Behavior

The study of how people interact within groups in a workplace setting and how this affects the organization's functioning.

Delphi Method

A structured communication technique that uses a panel of experts who anonymously answer questionnaires and provide feedback in multiple rounds to converge on a consensus on a specific issue.

Brainstorming

A technique for collective creativity aimed at producing numerous ideas to solve a problem.

Brainstorming

A creative group problem-solving technique that involves generating a large number of ideas to find a solution to a particular issue.