The Following Table Includes the Information About a Monthly Time

question 69

Multiple Choice

The following table includes the information about a monthly time series. What is the forecast for May using the exponential smoothing method with α = 0.1?

• A) 20.796
• B) 21.000
• C) 20.600
• D) 20.440

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Definitions:

Principal

In a legal context, a principal can also refer to the person who has authorized another (an agent) to act on their behalf.

Apparent Authority

A situation where a person appears to have the authority to act on behalf of another, even if such authority has not been explicitly given.

Agent

Someone authorized to act on behalf of another person or entity, often in business transactions or legal matters, with certain duties and powers.

Ratification

Ratification is the act of officially approving an agreement or contract, making it valid, or the process of confirming and accepting unauthorized actions by an agent on behalf of a principal.