Multiple Choice
It is now near the end of May and you must prepare a forecast for June for a certain product. The forecast for May was 900 units. The actual demand for May was 1,000 units. You are using the exponential smoothing method with α = 0.20. The forecast for June is:
A) fewer than 925 units.
B) greater than or equal to 925 units but fewer than 950 units.
C) greater than or equal to 950 units but fewer than 1,000 units.
D) greater than or equal to 1,000 units.
Correct Answer:
Verified
Correct Answer:
Verified
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