An Exponential Smoothing Forecasting Technique Requires All of the Following

question 5

Multiple Choice

An exponential smoothing forecasting technique requires all of the following except

• A)the forecast for the current period.
• B)the actual demand for the current period.
• C)a smoothing constant.
• D)large amounts of historical demand data.

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Definitions:

Fixed Costs

Constant expenses that remain stable regardless of changes in the business activity level, playing a crucial role in budgeting and financial planning.

Variable Cost

Costs that change in proportion to the volume of goods or services produced.

Trucking Department

A division within a company that is responsible for the transportation and delivery of goods, typically using trucks.

Variable Costs

Expenses that change in proportion to the activity or volume of business, such as materials and labor costs.