Below You Are Given the First Two Values of a Time

question 23

Multiple Choice

Below you are given the first two values of a time series. You are also given the first two values of the exponential smoothing forecast. If the smoothing constant equals .3, then the exponential smoothing forecast for time period three is

• A)18
• B)19.2
• C)20
• D)40

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Definitions:

Satisfy A Need

Fulfilling a requirement or desire, often through the provision of products or services that address a specific deficiency or aspiration.

Motivation

The energizing force that stimulates behavior to satisfy a need.

Sociocultural Influences

The social and cultural factors that affect individual behavior, preferences, and attitudes, including family, religion, education, and media.

Consumer Purchase Decision Process

The stages a buyer goes through when deciding to purchase a product, typically including problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.