Using Data Set E1,what Would Be the Forecast for Period

question 28

Multiple Choice

Using Data Set E1,what would be the forecast for period 6 using the exponential smoothing method? Assume the forecast for period 5 is 14000.Use a smoothing constant of α = 0.4 (Choose the closest answer. )

• A)14575
• B)26100
• C)16600
• D)19700

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Definitions:

Abram Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Needs Hierarchy

A theory, often associated with Abraham Maslow, which suggests that human needs are arranged in a hierarchy, starting from basic physical requirements up to higher needs like self-actualization.

Physiological

Physiological pertains to the functions and processes that occur within living organisms, providing a basis for understanding physical and biological needs.

Victor Vroom

Victor Vroom is known for his work on expectancy theory, which suggests that individual motivation is influenced by expected outcomes and the value placed on those outcomes.