A Rendering Plant Wishes to Use the Data (Sales Records

question 71

Multiple Choice

A rendering plant wishes to use the data (sales records from a few local businesses and the month of the year) to help determine their supply level for the coming months. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.
$$\begin{array} { | c | c | c | } \hline \text { Month } & \text { Sales } & \text { Pounds } \\\hline \text { Tanuary } & 45 & 54.3 \\\hline \text { February } & 57 & 63.8 \\\hline \text { March } & 32 & 39.5 \\\hline \text { April } & 44 & 49.8 \\\hline \text { May } & 51 & 52.3 \\\hline \text { Tune } & 34 & 39.9 \\\hline\end{array}$$
-What is the forecast for July if exponential smoothing with an alpha=.04 generated a forecast of 43.0 for June?

• A) 41.25
• B) 40.64
• C) 43.16
• D) 42.88

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Definitions:

Reciprocal Determinism

The theory in psychology that a person's behavior both influences and is influenced by personal factors and the social environment.

Introversion-Extraversion

A personality trait spectrum where introversion is characterized by a focus on internal feelings rather than external sources of stimulation, and extraversion is characterized by energy from external interactions.

Psychodynamic Personality Theories

A group of theories that emphasize the influence of the unconscious mind and childhood experiences on personality.

Scientific Evaluation

The process of systematically examining scientific evidence through experiments and observations to make informed conclusions or decisions.