Given an Actual Demand This Period of 61,a Forecast for This

question 22

Multiple Choice

Given an actual demand this period of 61,a forecast for this period of 58,and an alpha of 0.3,what would the forecast for the next period be using exponential smoothing?

• A)45.5
• B)57.1
• C)58.9
• D)61.0
• E)65.5

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Definitions:

Socio-historical Explanation

An approach to understanding phenomena by examining social and historical contexts.

Deductive Reasoning

A logical process where a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Ultimate Attribution Error

A bias in which positive behaviors by out-group members are attributed to situational factors, while negative behaviors are attributed to their character.

Group-Enhancing Bias

A cognitive bias that leads people to view their own group more favorably compared to others.