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A cheque - processing centre uses exponential smoothing to forecast the number of incoming cheques each month. The number of cheques received in June was
A chequeprocessing centre uses exponential smoothing to forecast the number of incoming cheques each month. The number of cheques received in June was million, while the forecast was million. A smoothing constant of is used.a Using exponential smoothing and given a the forecast for the month of July million cheques received. Round your response to one decimal place.b If the chequeprocessing centre received million cheques in the month of July, then using exponential smoothing and given a the forecast for the month ofAugust million cheques received. Round your response to one decimal place.c Exponential smoothing may not be an appropriate method to use for the chequeprocessing centre because A the chequeprocessing centre's forecast is very hard to make as its processing requirements should have a very high variability. B the chequeprocessing centre should observe seasonality in its processing requirements. C the chequeprocessing centre should observe a cyclical trend in its processing requirements. D the chequeprocessing centre should observe an increasing trend in its processing requirements.
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