Scenario 7 -Use Exponential Smoothing to Forecast the Demand for July

question 35

Multiple Choice

Scenario 7.2 - Gulab Greatness
Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table.
$$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\\text { (orders) }\end{array} \\\hline \text { January } & 66,753 \\\hline \text { February } & 67,686 \\\hline \text { March } & 68,641 \\\hline \text { April } & 68,979 \\\hline \text { May } & 69,278 \\\hline \text { June } & 69,577 \\\hline \text { July } & 69,602 \\\hline \text { August } & 70,348 \\\hline \text { September } & 70,806 \\\hline \text { October } & 71,011 \\\hline \text { November } & 71,819 \\\hline \text { December } & 72,752 \\\hline\end{array}$$
-Use exponential smoothing to forecast the demand for July.What is the forecast if α = 0.4 and the forecast for May was 69,000?

• A)69,346
• B)69,379
• C)69,500
• D)69,298

Discuss the impact of monetary and fiscal policy lags on economic outcomes.

Examine policy measures to encourage savings and investments, and their potential implications for income equality.

Understand the impact of high inflation rates and the costs and benefits of reducing inflation.

Assess the effect of taxes on savings and investments over the long term.

---

Definitions:

Dual System

Refers to theories that explain phenomena as the result of two distinct, typically interacting, systems or processes.

LH

LH, or Luteinizing Hormone, is a hormone produced by the pituitary gland that plays key roles in the reproductive system, including triggering ovulation in women and stimulating testosterone production in men.

Sociocultural Theory

A theory that emphasizes how an individual's development is influenced by social interactions and the culture they are a part of.

Bulimia

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors, such as vomiting, to prevent weight gain.