The exponential smoothing forecast for period t + 1 is a weighted ...

[jhjkgdfhk]

The exponential smoothing forecast for period t + 1 is a weighted average of the
 a. forecast value in period t with weight  and the actual value for period t with weight 1  .
  b. actual value in period t + 1 with weight  and the forecast for period t with weight 1  .
  c. forecast value in period t  1 with weight  and the forecast for period t with weight 1  .
  d. actual value in period t with weight  and the forecast for period t with weight 1  .

Question 2

In a business, the values indicating the business's current operating characteristics, such as its financial position, the inventory on hand, and customer service metrics, are typically known as
 a. company performance indicators. b. performance indicators.
  c. key performance indicators. d. business performance indicators.

[Sarahjh]

Answer to Question 1

d
RATIONALE: The exponential smoothing forecast for period t + 1 is a weighted average of the actual value in period t and the forecast for period t. The weight given to the actual value in period t is the smoothing constant , and the weight given to the forecast in period t is 1  .

Answer to Question 2

c
RATIONALE: In a business, the values such as its financial position, the inventory on hand, customer service metrics, and the like are often indicative of the business's current operating characteristics. These values are typically known as key performance indicators (KPIs).