A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: Year Attendance 4 years ago 10,000 3 years ago 12,000 2 years ago 18,000 Last year 20,000 What is this year's forecast using exponential smoothing with alpha = 2, if last year's smoothed forecast was 15,000? A. 20,000 B. 19,000 C.17,500 D.16,000 E.15,000

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: Year Attendance 4 years ago 10,000 3 years ago 12,000 2 years ago 18,000 Last year 20,000 What is this year's forecast using exponential smoothing with alpha = 2, if last year's smoothed forecast was 15,000? A. 20,000 B. 19,000 C.17,500 D.16,000 E.15,000

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

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