THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the data set of the number of preorders received for a particular game on a weekly basis.
The forecaster uses the Holt-Winters Exponential Smoothing for nonseasonal series to forecast the number of preorders in future time periods.
He uses α = 0.8 and β = 0.5.(Hint: Use the formula from the text to arrive at the answers. )

-What is the approximate level estimate for week 8?
A)453 units
B)539 units
C)620 units
D)696 units

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the data set of the number of preorders received for a particular game on a weekly basis.
The forecaster uses the Holt-Winters Exponential Smoothing for nonseasonal series to forecast the number of preorders in future time periods.
He uses α = 0.8 and β = 0.5.(Hint: Use the formula from the text to arrive at the answers. )
 
-What is the approximate level estimate for week 8?
A)453 units 
B)539 units 
C)620 units 
D)696 units

Quizplus · Accepted Answer

The approximate level estimate for week 8 is 620 units, as it is the closest to the expected value based on the given options.