Suppose That the Demand in Period 1 Was 7 Units

question 1

Multiple Choice

Suppose that the demand in period 1 was 7 units and the demand in period 2 was 9 units. Assume that the forecast for period 1 was for 5 units. If the firm uses exponential smoothing with an alpha value of .20, what should be the forecast for period 3? (Round answers to two decimal places.)

• A) 9.00
• B) 3.72
• C) 9.48
• D) 5.00
• E) 6.12

---

Definitions:

Emotionality

The quality or state of being emotional; the degree to which a person's behavior is influenced by emotions.

Learned Through Observation

The process of acquiring new behaviors or information by watching the actions or consequences of others' behaviors, also known as observational learning.

Bandura

Refers to Albert Bandura, a psychologist known for his work on social learning theory and the concept of self-efficacy.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to support a need, program, and project, usually by an organization or government.