University:
University of Michigan-Flint
Course:
SCM371 | Operation Management
Academic year:

2023
Views:

405

Pages:

2
Author:

Anchovis3pf5

1. The greek letter α (“alpha”) in the... The greek letter α (“alpha”) in the exponential smoothing formula can be any value between -10 and 10. True False The correct answer is “false” 2.“Ft” stands for which thing? “Ft” stands for which thing? A. Forecast for period t B. False output for period t C. Forecast for period t-1 D. False response for period t-1 The correct answer is “A. Forecast for period t” 3. Exponential smoothing takes which... Exponential smoothing takes which of the following things into account (choose all that apply)? A. The forecast from the previous period B. The demand from the previous period C. The error in a forecast from the previous period D. A smoothing constant All the above options are correct (a, b, c, and d are all correct) 4. Setting α(alpha) equal to 1 results… Setting α(alpha) equal to 1 result in which outcome? A. An unreactive forecast B. A highly reactive forecast C. A forecast based entirely on previous forecast D. A forecast that ignores previous demand The correct answer is “B. A highly reactive forecast”

Operations Management - Exponential Smoothing

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