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Vesna [10]
3 years ago
7

The exponential smoothing forecasting technique slowly responds to changes in the mean level of demand when A. a small alpha val

ue is used. B. a large alpha value is used. C. an alpha value of 1.0 is used. D. size of the alpha value does not affect the responsiveness.
Business
1 answer:
VLD [36.1K]3 years ago
5 0

Answer:

a small alpha value is used.

Explanation:

The exponential smoothing forecasting technique is used for forecasting a time series when there is no trend or seasonal pattern, but the mean of the time series is slowly changing over time.

The choice of the smoothing constant α (alpha) is important in determining the operating characteristics of exponential smoothing. The smaller the value of α (alpha), the slower the response. Therefore when a small alpha value is used the exponential smoothing forecasting technique slowly responds to changes in the mean level of demand.

When the values of α (alpha) are larger this makes the smoothed value to react quickly – not only to real changes but also random fluctuations.

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Suppose you have $100 of endowment, and you are offered a chance to buy a lottery which costs $36. The lottery has 43% of chance
Yuliya22 [10]

Answer:

96.02

Explanation:

Lottery's Expected utility = \sqrt{100} = 10

Income in good state = 100 - 36 + G = 64 + G

Income in bad state = 100 - 36 = 64

Probability in good state = 43%

Probability in bad state = 100% - 43% = 57%

Expected utility = Probability in good state x \sqrt{(64 + G )} + Probability in bad state x \sqrt{64\\}

10 = 43% x \sqrt{(64 + G )} + 57% x 8

10 = 43% x \sqrt{(64 + G )} + 4.56

10 - 4.56 = 43% x \sqrt{(64 + G )}

5.44 = = 43% x \sqrt{(64 + G )}

5.44 / 43% = \sqrt{(64 + G )}

12.65 = \sqrt{(64 + G )}

12.65^{2} = (\sqrt{(64 + G )})^{2}

160.0225 = 64 + G

G = 160.0225 - 64

G = 96.0225

G = 96.02

6 0
2 years ago
In 2019, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. R
xeze [42]

Answer:

C) $22,727.

Explanation:

to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:

(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727

to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727

The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.

7 0
3 years ago
Over the course of 40 years, Sal grew his company to six package shipping stores. With his retirement approaching and the increa
aalyn [17]

Answer:

Defensive strategy

Explanation:

7 0
3 years ago
Read 2 more answers
"The big white house on the hill clearly" was different from any of the other homes in the subdivision. It had more rooms, a dou
Helen [10]

Answer: Functional Obsolescence

Explanation:

Functional Obsolescence could be described as when a product is undervalued than what is expected due it's composed of outdated features.

Most very old homes are usually outdated. Innovation spring forth every day, especially in the area g homes, homes that are commercially rented are portable and have recent designs, but for homes that are not they may not be valued for what they should or what the seller expects. This is the scenario with homeowner.

4 0
2 years ago
The difference between zero accounting profit and zero economic profit is that A. economists include opportunity cost in zero ec
umka21 [38]

Answer:

The correct answer is A. economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero accounting profit.

Explanation:

Because the economists include opportunity cost in their profit calculation, economic profits always tend to be lower than the accounting profits and economic losses does not necessarily mean that accounting there are accounting losses.

3 0
3 years ago
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