Given an Actual Demand of 61, a Previous Forecast of 58

question 43

Multiple Choice

Given an actual demand of 61, a previous forecast of 58, and an alpha of .3, what would the forecast for the next period be using simple exponential smoothing?

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

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Definitions:

Octants

One of eight equal parts into which a three-dimensional space can be divided by three mutually perpendicular planes.

Fiedler's Contingency Theory

A leadership model asserting that the effectiveness of a leader's style is contingent on the situational context, including the leader's relationships with followers and task structure.

LPC

Least Preferred Coworker scale, a tool used in Fiedler's Contingency Theory to measure a leader's task or relationship orientation.

Leadership

The act or ability of leading a group towards achieving a common goal, often involving inspiring and guiding others.