Multiple Choice
Chairman Cat Products produces cat trees that are sold by several large pet stores. They sold 190, 210, and 208 cat trees in January, February, and March, respectively. Assuming that the first forecast value (for January) is set to 190, what is the exponential smoothing forecast for February? Assume a smoothing constant value of 0.7.
A) 190
B) 204
C) 206.8
D) Cannot be determined from the information given
Correct Answer:
Verified
Correct Answer:
Verified
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