Retailers selling a new product that is in hot demand, like the latest movie release or a best-selling book, would be unlikely to incur higher costs for faster delivery (physical distribution).

Answer the following statement true (T) or false (F)


False

Fast PD service can be critical for retailers that appeal to consumers who are eager to get a new product that is in hot demand.

Business

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Simple exponential smoothing is being used to forecast demand. The previous forecast of 66 turned out to be four units less than actual demand. If the next forecast is 66.6, what is the value of the smoothing constant, ??

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