MrGeppetto Uses Exponential Smoothing to Predict Revenue in His Wood $\omega$

question 8

Multiple Choice

Mr.Geppetto uses exponential smoothing to predict revenue in his wood carving business.He uses a weight of $\omega$ = .4 for the naïve forecast and (1- $\omega$ ) = .6 for the past forecast.What revenue did he predict for March using the data below? Select closet answer.

• A)106.2
• B)104.7
• C)103.2
• D)102.1
• E)101.7