Use the data given below to answer the following question(s).
The table provided below gives the sales details of the number of android smart phones at an electronic retail store for the past 6 weeks. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. (Hint: Optimize α value in 0.1 increments) $$\begin{array} { | c | c | }
\hline \text { Week } & \text { Units sold } \
\hline 1 & 88 \
\hline 2 & 44 \
\hline 3 & 54 \
\hline 4 & 65 \
\hline 5 & 72 \
\hline 6 & 85 \
\hline
\end{array}$$
-What is the forecasted value for the 3rd week?
A) 53 phones
B) 64 phones
C) 71 phones
D) 49 phones

Question

Use the data given below to answer the following question(s).
The table provided below gives the sales details of the number of android smart phones at an electronic retail store for the past 6 weeks. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. (Hint: Optimize α value in 0.1 increments) $$\begin{array} { | c | c | } 
\hline \text { Week } & \text { Units sold } \
\hline 1 & 88 \
\hline 2 & 44 \
\hline 3 & 54 \
\hline 4 & 65 \
\hline 5 & 72 \
\hline 6 & 85 \
\hline
\end{array}$$
-What is the forecasted value for the 3rd week?
A) 53 phones
B) 64 phones
C) 71 phones
D) 49 phones

Quizplus · Accepted Answer

The forecast for the 3rd week using exponential smoothing with an optimized α value (0.1 increments) is closest to 53 phones.

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