As a consultant you have been asked to generate a unit demand forecast for a product for year 2017 using exponential smoothing. The actual demand in year 2016 was 750. The forecast demand in year 2016 was 960. Using this data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2017 forecast value? A) 1,023 B) 1,120 C) 897 D) 813 E) 766
As a consultant you have been asked to generate a unit demand forecast for a product for year 2017 using exponential smoothing. The actual demand in year 2016 was 750. The forecast demand in year 2016 was 960. Using this data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2017 forecast value? A) 1,023 B) 1,120 C) 897 D) 813 E) 766
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:As a consultant you have been asked to generate a unit demand forecast for a product for year
2017 using exponential smoothing. The actual demand in year 2016 was 750. The forecast
demand in year 2016 was 960. Using this data and a smoothing constant alpha of 0.3, which
of the following is the resulting year 2017 forecast value?
A) 1,023
B) 1,120
C) 897
D) 813
E) 766
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