Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Month Demand Jan 291 Feb 216 Mar 216 Apr 171 May 261 Jun 201 Jul 276 Aug 276 Sep 306 Oct 186 Nov 231 The
Month | Demand |
Jan | 291 |
Feb | 216 |
Mar | 216 |
Apr | 171 |
May | 261 |
Jun | 201 |
Jul | 276 |
Aug | 276 |
Sep | 306 |
Oct | 186 |
Nov | 231 |
The forecast for the month of November was higher than the actual demand and the forecast for the month of December (using exponential smoothing) is exactly equal to the actual demand of November. What smoothing constant can justify this behaviour?
1
b.Unsufficient information
c.0.25
d.0
e.0.5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started