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:

Consumer Surplus

The gap in the aggregate amount consumers are willing and can afford to pay for a service or good versus the aggregate amount paid.

Football Stadium

A large venue designed to host football games along with a wide range of sports and entertainment events.

Consumer Surplus

The variance between a consumer's willingness to pay for a service or product and the actual amount paid for it.

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Garments made from the soft fibers of the cotton plant, noted for their comfort and breathability.