Multiple Choice
A rendering plant wishes to use the data (sales records from a few local businesses and the month of the year) to help determine their supply level for the coming months. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.
-What is the forecast for July if exponential smoothing with an alpha=.04 generated a forecast of 43.0 for June?
A) 41.25
B) 40.64
C) 43.16
D) 42.88
Correct Answer:

Verified
Correct Answer:
Verified
Q66: A long-term wave in a demand pattern
Q67: A rendering plant wishes to use
Q68: _ indicates a forecast is biased
Q69: Which of the following possible values of
Q70: A(n) _ is an up-and-down repetitive movement
Q72: The following sales data are available
Q73: Given an actual demand of 59, a
Q74: A rendering plant wishes to use
Q75: Recent past demand for product ZXT
Q76: Given forecast errors of 6, 4, 0