Suppose That a Simple Exponential Smoothing Model Is Used (With $a$

question 29

Multiple Choice

Suppose that a simple exponential smoothing model is used (with $a$
= 0.40) to forecast monthly sandwich sales at a local sandwich shop.The forecasted demand for September was 1560 and the actual demand was 1480 sandwiches.Given this information,what would be the forecast number of sandwiches for October?

• A) 1480
• B) 1528
• C) 1560
• D) 1592

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Definitions:

Applied Psychology

The branch of psychology concerned with practical applications of research and interventions in real-world settings, such as business, education, or therapy.

Psychometrics

The science of measuring mental capacities and processes.

Psychological Tests

Standardized measures or procedures used to evaluate individual behavioral and cognitive functioning, personality traits, and mental health status.

American Psychological

Likely refers to the American Psychological Association (APA), the leading scientific and professional organization representing psychology in the United States.