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 forecast for week 14?
A)843 units
B)348 units
C)483 units
D)438 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 forecast for week 14?
A)843 units 
B)348 units 
C)483 units 
D)438 units

Quizplus · Accepted Answer

The forecast for week 14 is approximately 843 units. This is because the forecast for week 13 is 843 units, and the forecast for week 14 is typically similar to the forecast for the previous week.