Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer in year 12. Assume that last period's forecast for year 1 is 5,000 bags to begin the procedure. Bags are shown in 1,000's in table below. Year Demand (Bags) 4 6. 3. 4 10 6. 8. 7. 8. 8. 6. 12 10 14 11 15 O A. 14.00 B. 14.87 O C. 11.79 D. 13.67

Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer in year 12. Assume that last period's forecast for year 1 is 5,000 bags to begin the procedure. Bags are shown in 1,000's in table below. Year Demand (Bags) 4 6. 3. 4 10 6. 8. 7. 8. 8. 6. 12 10 14 11 15 O A. 14.00 B. 14.87 O C. 11.79 D. 13.67

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem 12