Table 14.9 -Use the Information in Table 14.9.Use an Exponential Smoothing Model

question 109

Multiple Choice

Table 14.9

-Use the information in Table 14.9.Use an exponential smoothing model with a smoothing parameter of 0.30 and an April forecast of 525 to determine what the forecast sales would have been for June.

• A)fewer than or equal to 535
• B)greater than 535 but fewer than or equal to 545
• C)greater than 545 but fewer than or equal to 555
• D)greater than 555

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Definitions:

Implied Warranty

A legal term referring to a warranty that is not expressly stated but is assumed by law to exist in a sale.

Release

A legal agreement where one party forfeits the right to pursue a claim or lawsuit against another party.

Damages

A monetary compensation awarded by a court to a person who has suffered a loss or injury.

Incidental Beneficiary

A person or entity that indirectly gains a benefit from a contract to which they are not a party, without the contract specifically intending such benefit.