Given the Following Data, Use Exponential Smoothing (? =

question 124

Multiple Choice

Given the following data, use exponential smoothing (? = .2) to develop a demand forecast for period 3. Assume the forecast for the initial period is 5. What is the forecast?

• A) 9.00
• B) 3.72
• C) 9.48
• D) 5.00
• E) 6.12

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Definitions:

Patient-visits

The total number of times patients are seen or treated by healthcare professionals, typically measured for a specific period.

Revenue

The overall revenue accrued from the sales of products or services pertinent to a company's main business activities.

Spending Variances

The gap between what was planned to be spent according to the budget and the real amount expended.

Activity Variances

The differences between the budgeted and actual costs of activities performed by a business.