Asked by
Skyler Davis
on Oct 31, 2024
Verified
Given an actual demand of 103, a previous forecast value of 99, and an alpha of .4, the exponential smoothing forecast for the next period would be
A) 94.6.
B) 97.4.
C) 100.6.
D) 101.6.
E) 103.0.
Exponential Smoothing Forecast
A time series forecasting method that applies decreasing weights to older data.
Previous Forecast Value
The forecast figure from the immediately preceding time period, used as a point of reference or comparison for current forecasting activities.
- Absorb information about the traits and roles of time-series analysis in forecast activities.
Verified Answer
RA
Learning Objectives
- Absorb information about the traits and roles of time-series analysis in forecast activities.
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