Use the data given below to answer the following question(s).
The table below shows the car sales from the year 2002-2007.The forecaster assumes a smoothing constant of 0.8 and uses the exponential smoothing model to determine the forecast for the future.
-From the data given above,what is the forecast-in 000s-for the year 2004?
A)39.60 units
B)40.72 units
C)47.34 units
D)52.67 units

Question

Use the data given below to answer the following question(s).
The table below shows the car sales from the year 2002-2007.The forecaster assumes a smoothing constant of 0.8 and uses the exponential smoothing model to determine the forecast for the future. 
-From the data given above,what is the forecast-in 000s-for the year 2004?
A)39.60 units 
B)40.72 units 
C)47.34 units 
D)52.67 units

Quizplus · Accepted Answer

The forecast for the year 2004 is 39.60 units. This is the value of the forecast column for the year 2004.

Use the Data Given Below to Answer the Following Question(s)