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galina1969 [7]
3 years ago
6

A company wants to generate a forecast for unit demand for year 2017 using exponential smoothing. The actual demand in year 2016

was 90. The forecast demand in year 2016 was 120. Using this data and a smoothing constant alpha of 0.2, which of the following is the resulting year 2017 forecast value?
110
114
120
111
100
Business
1 answer:
zimovet [89]3 years ago
8 0

Answer:

114

Explanation:

For computing the forecast value for the resulting year, we have to apply the formula which is shown below:

= Actual demand × alpha + forecast demand × ( 1-  alpha)

= 90 × 0.2 + 120 × (1 - 0.2)

=  18 + 96

= 114

To compute the forecast value we have to deduct the alpha from the forecast demand and multiply the alpha with the actual demand

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Available Options Are:

(A) Both focus on management responsibility, fulfillment of requirements, continuous improvement, prevention over inspection, and product excellence

(B) Both focus on management responsibility, continuous improvement, prevention over inspection, and customer satisfaction

(C) Both focus on management responsibility, fulfillment of requirements, continuous improvement, prevention over inspection, and customer satisfaction

(D) Both focus on management responsibility, continuous improvement, prevention over inspection, and product excellence

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Option B. Both focus on management responsibility, continuous improvement, prevention over inspection, and customer satisfaction

Explanation:

The quality management and the project management both are management study. Secondly, both of these focus on the improving the project quality and making it better in the every next step. Both management techniques prefer mistake prevention techniques over the continuous prevention which cost lower. These three things were common in all of the option above and are written in bold letters.

Option A is incorrect because fulfillment of requirements and product excellence is not part of project management though it is part of quality management.

Option B is correct because both project management and quality management says that customer satisfaction comes from quality output.

Option C is incorrect because fulfillment of requirements is not part of project management though it is part of quality management.

Option D is incorrect because product excellence is not part of project management though it is part of quality management.

8 0
3 years ago
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Answer:

A) $3,429

Explanation:

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As we does not have revised profit ratios, Peter and Chris will share profit on their old ratios.

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6 0
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