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:

Schachter and Singer

Psychologists who developed the two-factor theory of emotion, suggesting that emotion is based on physiological arousal and cognitive label.

Emotional Experience

The complex psychological state involving thoughts, behaviors, and physiological expressions felt during moments of affective reactions.

Euphoric

A feeling or state of intense excitement and happiness.

Preliterate Andean Culture

Societies in the Andean region before the spread of writing, characterized by rich oral traditions and unique cultural practices.