The Following Are the Values of a Time Series for the First

Multiple Choice

The following are the values of a time series for the first four time periods: $$\begin{array} { | c | c c c c | } \hline \boldsymbol { t } & 1 & 2 & 3 & 4 \\\hline \boldsymbol { y } _ { \boldsymbol { t } } & 23 & 25 & 28 & 24 \\\hline\end{array}$$ Using exponential smoothing,with w = 0.30,the forecasted value for time period 5 is:

A) 24.920
B) 24.644
C) 23.600
D) 23.000