Question
The last period’s forecast was 70 and demand
was 60. What is the simple exponential smoothing forecast with alpha of 0.4 for the next period?Solution
S(t-1 )= 70
X(t) = 60
Alpha = 0.4
s t  = αx t +(1 – α)s t-1 = s t-1 + α(x t – s t-1 )
Substituting the values we get,
0.4*60 + 0.6*70= 24 + 42= 66
What is the purpose of "reinsurance"?
A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to ref...
General Insurance Corporation of India (GIC) was established in:
Which of the following plans is NOT offered by Postal Life Insurance?
Who determines the third-party insurance premium of the two-wheelers?
The operative clause in an insurance policy is also known as:
What is the purpose of classifying risks in underwriting?
Which of the following is NOT a classification of general insurance in recent times?
The headquarters of Agriculture Insurance Company is located in?
In Insurance policies we always find a date which is “Date of Maturity”. What does it mean?
