TABLE 16-3
The following table contains the number of complaints received in a department store for the first 6 months of last year.
$$\begin{array} { l c }
\underline{\text { Month }} & \underline{ \text { Complaints }} \
\text { January } & 36 \
\text { February } & 45 \
\text { March } & 81 \
\text { April } & 90 \
\text { May } & 108 \
\text { June } & 144
\end{array}$$
-Referring to Table 16-3, suppose the last two smoothed values are 81 and 96 (Note: they are not). What would you forecast as the value of the time series for September?
A) 96
B) 86
C) 81
D) 91

Question

TABLE 16-3
The following table contains the number of complaints received in a department store for the first 6 months of last year.
 $$\begin{array} { l c } 
 \underline{\text { Month }} & \underline{ \text { Complaints }} \
\text { January } & 36 \
\text { February } & 45 \
\text { March } & 81 \
\text { April } & 90 \
\text { May } & 108 \
\text { June } & 144
\end{array}$$
-Referring to Table 16-3, suppose the last two smoothed values are 81 and 96 (Note: they are not). What would you forecast as the value of the time series for September?
A) 96
B) 86
C) 81
D) 91

Quizplus · Accepted Answer

The last two smoothed values are given as 81 and 96. Assuming a simple moving average or exponential smoothing, the next forecasted value would likely continue the trend, which is 96.

TABLE 16-3 the Following Table Contains the Number of Complaints

TABLE 16-3
the Following Table Contains the Number of Complaints