A firm is using a simple exponential smoothing model. They are using a smoothing constant of 0.2. Last month the forecast for this month was 130 units. This month the actual demand was 120 units. What is the forecast for next month?

120

128

125

132

Can't decide

Firm A makes 1 basic product at relatively high volume with no variations while firm B makes many customized products based on their exact customers' needs. Circle the best answer that generally applies:

Group of answer choices

Firm B would more likely use a make-to-stock process.

Both would use a make-to-order process.

Firm A would more likely use an assemble-to-order process.

Both would use a make-to-stock process.

Firm B would more likely use a make-to-order process.

A company that specializes in product delivery services and other specialized material movement related expertise is called a ____

Group of answer choices

reverse logistics provider

transportation company

outsourcing partner

third-party logistics (3PL) provider.

customer trucking company

We need to make a forecast but do not believe that past data would be at all useful. Given this information, we should try what type of model____

Group of answer choices

A breakeven model

Regression using extrinsic data

A moving average model

A product-mix model

A simulation