Exhibit 11.3 The Following Questions Use the Data Below

question 43

Multiple Choice

Exhibit 11.3
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using exponential smoothing.
-Refer to Exhibit 11.3. What formula should be entered in cell C4 to compute the exponential smoothing forecast for month 2?

• A) =C3-$F$3*(B3-C3)
• B) =C3+$F$3*(C3-B3)
• C) =B3+$F$3*(B3-C3)
• D) =C3+$F$3*(B3-C3)

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Definitions:

Reefer Units

Refrigeration units used in transportation, specifically designed to control the temperature of perishable goods in containers or trailers during shipping.

Btus

British Thermal Units, a unit of heat used to describe the power of heating and cooling systems, such as air conditioners and furnaces.

Joules

A unit of energy in the International System of Units (SI), equivalent to the work done by a force of one newton acting over a distance of one meter.

Laminated Oak

Wood made from layers of oak that are bonded together, often used for its strength and aesthetics in flooring and furniture.