THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the data set of the Shiller Real Home Price Index for the years 1894-1904.
Use a smoothing constant of α = 0.8 to determine the forecasts using simple exponential smoothing.

-The exponential smoothing method of forecasting is the most appropriate method for time series that exhibit:

A) irregularity.
B) seasonality.
C) a constant upward trend.
D) a constant downward trend.