The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20 What is the forecast bias value for the model over periods 2-12?
A) About 8.7
B) Approximately -11.9
C) About ± 8.9
D) None of the above

Question

The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20  What is the forecast bias value for the model over periods 2-12?
A) About 8.7 
B) Approximately -11.9 
C) About ± 8.9 
D) None of the above

Quizplus · Accepted Answer

The Answer of The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20  What is the forecast bias value for the model over periods 2-12?
A) About 8.7 
B) Approximately -11.9 
C) About ± 8.9 
D) None of the above

The Zocor Company Is Interested in Forecasting Period 13 Sales