Given an Actual Demand of 59, a Previous Forecast of 64

question 73

Multiple Choice

Given an actual demand of 59, a previous forecast of 64, and an alpha of .3, what would the forecast for the next period be using simple exponential smoothing?

• A) 36.9
• B) 57.5
• C) 60.5
• D) 62.5

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Definitions:

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Utmost Good Faith

A legal doctrine requiring parties to act with honesty and not mislead or withhold critical information from one another.

Verbal Agreement

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