Suppose That Jane's Company Uses Exponential Smoothing to Make Forecasts

question 31

Multiple Choice

Suppose that Jane's company uses exponential smoothing to make forecasts. Further suppose that last period's demand forecast was for 500 units and last period's actual demand was 480 units. In addition, yesterday Jane found out that this period's actual demand will be for 550 units. Jane's company uses an ? value of .20. Today, Jane's boss asked her to prepare a forecast for this period. What should that forecast be?

• A) 504
• B) 496
• C) 510
• D) 484
• E) 550

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Definitions:

Organizational Justice

The perception of fairness in the workplace, including fair treatment, distribution of resources, and information sharing.

Herzberg's Two-Factor Theory

A motivational theory which suggests that there are certain factors in the workplace that cause job satisfaction, while a separate set of factors cause dissatisfaction.

Goldilocks Rule

suggests finding a balance in tasks or challenges that are neither too easy nor too difficult to maintain motivation and engagement.

Goal-Setting Theory

A theory that emphasizes the importance of setting specific, measurable, achievable, relevant, and time-bound goals to enhance motivation and performance.