Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have calculated an exponential smoothing forecast of your professors December 2022 natural gas bill ( Y 12.19.22 =$59.43 ) using a smoothing constant (or
You have calculated an exponential smoothing forecast of your professors December 2022 natural gas bill (Y12.19.22=$59.43) using a smoothing constant (or ) of 0.3. Let Y4.19.23 be the forecasted amount to be billed on April 19. Based on the time series and a smoothing constant of 0.3, which answer below would be your forecast of the amount billed on April 19, 2023?
$67.83
$106.44
$123.80
$131.11
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