Might It Be OK to Use Exponential Smoothing to Forecast

question 25

Multiple Choice

Might it be OK to use exponential smoothing to forecast 2010 for Bob's data?

• A) No,under no circumstances
• B) Yes,if you use only the most recent 10 years
• C) Yes,if you need a long-term forecast
• D) No,since the data appear to be erratic

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Definitions:

Reference Group

A social group that individuals use as a standard for evaluating themselves, their attitudes, and their behaviors.

Norms

Established standards of behavior or beliefs that are considered acceptable within a society or group.

Social Success

The achievement of desirable outcomes in social settings, such as forming meaningful relationships and gaining social acceptance.

Adolescents

A developmental stage that describes individuals typically between the ages of 13 and 19, characterized by significant physical, psychological, and social changes.