Suppose That a Simple Exponential Smoothing Model Is Used (With

question 106

Multiple Choice

Suppose that a simple exponential smoothing model is used (with a = 0.30) to forecast monthly sandwich sales at a local sandwich shop. After June's demand is observed at 1520 sandwiches, the forecasted demand for July is 1600 sandwiches. At the beginning of July, what would be the forecasted demand for August?

• A) 1520
• B) 1544
• C) 1550
• D) 1600

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Definitions:

Paradigm

A typical example or pattern of something; a model or framework that sets the standard for others to follow.

Pessimism

A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Cultural Construals

The ways in which individual perceptions and understandings of the world are shaped by cultural context and influences.

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person and inner feelings to understand human behavior, focusing on concepts such as free will, self-efficacy, and self-actualization.