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    Statistics for Business and Economics Study Set 3
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    Exam 17: Time Series Analysis and Forecasting
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    Given an Actual Demand of 50, Its Forecast of 53
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Given an Actual Demand of 50, Its Forecast of 53

Question 47

Question 47

Multiple Choice

Given an actual demand of 50, its forecast of 53, and an α of .2, what would be the forecast for the next period using exponential smoothing?


A) 52.4
B) 58.9
C) 61.0
D) 50.6

Correct Answer:

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