Using a simple exponential smoothing model (alpha = 0.3) ,calculations for the most recent period generated a forecast of 25.10 units.Actual demand for that period was 31 units.What is the forecast of demand for the upcoming period?
A) 26.28
B) 26.87
C) 29.23
D) None of the above are correct.
Correct Answer:
Verified
Q27: Given the following weekly demand figures,what is
Q28: Which of the following is likely to
Q29: Which of the following is NOT a
Q30: The life cycles analogy technique fits best
Q31: _ models are usually more accurate than
Q33: Measured by the mean absolute deviation,which of
Q34: Which of the following best describes the
Q35: Which of the following is INCORRECT about
Q36: A sports equipment retailer needs to forecast
Q37: When selecting a forecasting method,which of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents