Use the Data Given Below to Answer the Following Question(s)

question 71

Multiple Choice

Use the data given below to answer the following question(s) .
The table below shows the car sales from the year 2002-2007.The forecaster assumes a smoothing constant of 0.8 and uses the exponential smoothing model to determine the forecast for the future.
-From the data given above,what is the forecast-in 000s-for the year 2006?

• A)39.60 units
• B)40.72 units
• C)47.34 units
• D)52.67 units

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Definitions:

Fair 6-Sided Dice

A classic dice with six faces, each showing a number from one to six, where each number has an equal likelihood of appearing on a roll.

Record

An account or report documenting the occurrence or performance of something, often kept in writing or another permanent form.

Fair Coin

A hypothetical coin that has an equal probability of landing on heads or tails when flipped.

Fair 6-Sided Die

An unbiased die with six faces, each representing one of the numbers from 1 to 6, with an equal probability of landing on any number.