Data Set E1
$$\begin{array} { c c }
\text { Periqd } &\text { Sales Volume } \
1 & 10000\
2 & 12400\
3 & 14250 \
4 & 15750 \
5 & 20500 \
6 & 18500\
7 &15750 \
8 & 20500 \
9 & 21500\
10&22550
\end{array}$$

-Using Data Set E1,what would be the forecast for period 6 using the exponential smoothing method? Assume the forecast for period 5 is 14000.Use a smoothing constant of a = 0.4 (Choose the closest answer.)
A) 14575
B) 26100
C) 16600
D) 19700

Question

Data Set E1
 $$\begin{array} { c c } 
\text { Periqd } &\text { Sales Volume } \
1 & 10000\
2 & 12400\
3 & 14250 \
4 & 15750 \
5 & 20500 \
6 & 18500\
7 &15750 \
8 & 20500 \
9 & 21500\
10&22550
\end{array}$$

-Using Data Set E1,what would be the forecast for period 6 using the exponential smoothing method? Assume the forecast for period 5 is 14000.Use a smoothing constant of a = 0.4 (Choose the closest answer.)
A) 14575
B) 26100
C) 16600
D) 19700

Quizplus · Accepted Answer

Using the exponential smoothing method, the forecast for period 6 can be calculated as:

Forecast for period 6 = Smoothing constant * (Actual Sales for period 5) + (1 - Smoothing constant) * (Forecast for period 5)

Substituting the given values:

Forecast for period 6 = 0.4 * 14000 + 0.6 * 20500
Forecast for period 6 = 5600 + 12300
Forecast for period 6 = 17900

Therefore, the closest answer is C) 16600.

Data Set E1 -Using Data Set E1,what Would Be the Forecast for Period