Use the data given below to answer the following question(s) .
The details of the clock sales at a supermarket for the past 6 weeks are shown in the table below. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. The simple moving average value of k is set at 2.
-If the smoothing constant is assumed to be 0.7, and setting F1 and F2 = A1, the exponential smoothing sales forecast for week 7 is approximately .
A) 50 clocks
B) 80 clocks
C) 60 clocks
D) 70 clocks
Correct Answer:
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