Exhibit 11.3 The Following Questions Use the Data Below

Multiple Choice

Exhibit 11.3
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using exponential smoothing.
-Refer to Exhibit 11.3. What formula should be entered in cell C4 to compute the exponential smoothing forecast for month 2?

A) =C3-$F$3*(B3-C3)
B) =C3+$F$3*(C3-B3)
C) =B3+$F$3*(B3-C3)
D) =C3+$F$3*(B3-C3)