If a broker has compensated a non-licensed person for activities that he or she is not licensed for, the broker is guilty of

Misdemeanor.

Explanation:

If a broker has compensated a non-licensed person for activities that he or she is not licensed for, the broker is guilty of misdemeanor.

Misdemeanor can be defined as any act committed by an individual but is generally considered to be less serious or a minor offence in legal situations.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.