Solved

The Forecast Value for August Was 12 and the Actual α\alpha

Question 54

Multiple Choice

The forecast value for August was 12 and the actual value turned out to be 5.Using exponential smoothing with α\alpha = 0.20, the forecast value for September would be ___.


A) 10.10
B) 9.88
C) 12.00
D) 10.6
E) 11

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q50: A time series with forecast values and

Q51: The following graph of a time-series data

Q52: Using a three-month moving average, the forecast

Q53: A time series with forecast values and

Q56: What is the forecast for the Period

Q57: A time series with forecast values and

Q58: Using 2019 as the base year, the

Q59: Using a three-month moving average, the forecast

Q63: Two popular general categories of smoothing techniques

Q95: Autocorrelation in a regression forecasting model can