To Initialize the Forecasts in an Exponential Smoothing Process, It

Multiple Choice

To initialize the forecasts in an exponential smoothing process, it is acceptable to:

A) use the average of the first six observed data values.
B) use the most recent data value in the observed data.
C) apply the smoothing constant α to the mean of the data.
D) ask a panel of experts to make a guess at the initial forecast.