Scenario 7 -Develop a Forecast for This Data Using Simple Exponential Smoothing

question 79

Essay

Scenario 7.6
$\begin{array}{|c|c|}\hline \text { Period } & \text { Demand } \\\hline 1 & 173 \\\hline 2 & 177 \\\hline 3 & 180 \\\hline 4 & 151 \\\hline 5 & 168 \\\hline 6 & 184 \\\hline 7 & 198 \\\hline 8 & 191 \\\hline 9 & 167 \\\hline 10 & 177 \\\hline\end{array}$
-Develop a forecast for this data using simple exponential smoothing with an alpha of 0.66.Then calculate MAD,MSE and the tracking signal.

Understand the principle of reciprocation and its application in social influence techniques.

Identify and describe various social influence techniques, including foot-in-the-door, low-ball, bait-and-switch, and labeling techniques.

Distinguish between informational and normative influences in shaping private acceptance of beliefs.

Recognize commitment and consistency as a basis for certain social influence techniques, such as the labeling technique.

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Definitions:

Medium

A means of mass communication, such as newspapers, television, or the internet, through which information is disseminated.

Message

A piece of information or communication sent from one individual or entity to another, conveying thoughts, intentions, or information.

Factors

Elements or components that contribute to a result or situation, often considered in analysis, planning, and decision-making processes.

Storytelling Techniques

Approaches and methods used to convey narratives or messages in a compelling way.