The Forecast Value for August Was 22 and the Actual $\alpha$

question 41

Multiple Choice

The forecast value for August was 22 and the actual value turned out to be 19.Using exponential smoothing with $\alpha$ = 0.30, the forecast value for September would be ______.

• A)21.1
• B)19.9
• C)18.1
• D)22.9
• E)21.0

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Definitions:

Possession

The act of having or controlling something, either physically or legally.

Covenant of Quiet Enjoyment

A lease provision assuring the tenant a right to freely and quietly use the leased premises without disturbance by claims of superior title.

Lessee

A person or entity that leases or rents property or equipment from another, the lessor, under the terms of a lease agreement.

Lessee

An individual or entity that leases property or equipment from another party, the lessor.