Multiple Choice
As a consultant, you have been asked to generate a unit demand forecast for a product for year 2020 using exponential smoothing. The actual demand in year 2019 was 750. The forecast demand in year 2019 was 960. Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2020 forecast value?
A) 766
B) 813
C) 897
D) 1,023
E) 1,120
Correct Answer:
Verified
Correct Answer:
Verified
Q19: In general, which forecasting time frame compensates
Q20: RSFE in forecasting stands for "reliable safety
Q21: A company hires you to develop a
Q22: In a forecasting model using simple exponential
Q23: Given a prior forecast demand value of
Q25: Exponential smoothing models require a great deal
Q26: You are using an exponential smoothing model
Q27: CPFR stands for "collective planning, forecasting, and
Q28: When average, trend, and seasonality are removed
Q29: Exponential smoothing with trend requires two different