Multiple Choice
Use the data given below to answer the following question(s) .
The details of the clock sales at a supermarket for the past 6 weeks are shown in the table below.The time series appears to be relatively stable, without trend, seasonal, or cyclical effects.The simple moving average value of k is set at 2.
-If the smoothing constant is assumed to be 0.7, and setting F₁ and F₂ = A₁, the exponential smoothing sales forecast for week 7 is approximately ________.
A) 50 clocks
B) 80 clocks
C) 60 clocks
D) 70 clocks
Correct Answer:

Verified
Correct Answer:
Verified
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