he Zocor Company is interested in forecasting period 13 sales for a pro onths of historical data. The following shows the data and the forecaste -12 using a single exponential smoothing model with a smoothing cons 20. What is the value of the MAD for periods 2-127 Forecast for Period t 20.0 Month Sales 20 40 20.0 24.0 2. 3. 30 20 25.2 50 24.2
he Zocor Company is interested in forecasting period 13 sales for a pro onths of historical data. The following shows the data and the forecaste -12 using a single exponential smoothing model with a smoothing cons 20. What is the value of the MAD for periods 2-127 Forecast for Period t 20.0 Month Sales 20 40 20.0 24.0 2. 3. 30 20 25.2 50 24.2
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Transcribed Image Text:The Zocor Company is interested in forecasting period 13 sales fora product. It has 12
months of historical data. The following shows the data and the forecasted valued for periods
1-12 using a single exponential smoothing model with a smoothing constant value equal to
0.20. What is the value of the MAD for periods 2-12?7
O A 19.6
OB. 6.0
ос. 15.4
Forecast
for Period t
20.0
O D. Cannot be determined without more information
Month Sales
1.
20
40
20.0
24.0
2.
3.
30
20
25.2
50
24.2
30
29.3
7.
50
29.5
10
33.6
60
28.9
50
35.1
38.1
10
11
30
12
50
36.5
Transcribed Image Text:Which of the folowing approaches might be used to determine which value for the smoothing constant to use in a single exponential smoothing model?
O A. Select the value that produces the smallest MAD value:
O B. Select the value that smoothes the data the most.
OC. Select the value that gives the largest MAD value.
OD. Select the value that maximizes the MSE.
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