Table 11.1.

-Use the information in Table 11.1. What would be the forecast for September if the exponential smoothing technique were used? (a = 0.30 and the forecast for March was 55)
A) less than or equal to 65
B) greater than 65 but less than or equal to 67
C) greater than 67 but less than or equal to 69
D) greater than 69

Question

Table 11.1.

-Use the information in Table 11.1. What would be the forecast for September if the exponential smoothing technique were used? (a = 0.30 and the forecast for March was 55)
A) less than or equal to 65 
B) greater than 65 but less than or equal to 67 
C) greater than 67 but less than or equal to 69 
D) greater than 69

Quizplus · Accepted Answer

Exponential smoothing uses the formula: F_t = α * A_(t-1) + (1-α) * F_(t-1). Given α = 0.30 and F_March = 55, the forecast for September would be calculated iteratively using actual data from March to August. Without specific actual values, the forecast is likely to be less than or equal to 65.

Table 11.1. -Use the Information in Table 11.1. What Would Be the What