The Closer the Smoothing Constant,α,is to 1.0 the

question 91

Multiple Choice

The closer the smoothing constant,α,is to 1.0 the

• A)greater the reaction to the most recent demand.
• B)greater the dampening,or smoothing,effect.
• C)more accurate the forecast.
• D)less accurate the forecast.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor and incidental expenses.