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Given an Actual Demand of 103, a Previous Forecast Value

question 125

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Given an actual demand of 103, a previous forecast value of 99, and an alpha of .4, the exponential smoothing forecast for the next period would be


Definitions:

Discouraged Workers

Individuals who have stopped looking for employment due to repeated failure to find work, and are no longer counted as part of the labor force.

Labor Force

The total number of people employed or actively seeking employment in a given country or region.

Business Cycle Peak

The highest point of economic activity in a business cycle, marking the transition from an expansion to a contraction phase.

Consumer Price Index

A measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

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