Question
Suppose that your firm's last net cash flow equaled $50,000 and the last forecast for net cash flow was $65,000. Given an alpha of 0.6,
Suppose that your firm's last net cash flow equaled $50,000 and the last forecast for net cash flow was $65,000. Given an alpha of 0.6, what is the forecast for the next net cash flow by using an exponential smoothing approach?
| a. | $67,000 | |
| b. | $56,000 | |
| c. | $57,500 | |
| d. | $59,000 |
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
