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

question 33

Multiple Choice

Use the data given below to answer the following question(s) .
The table below shows the sales of a gaming console for the first 6 months of the year 2011.
The forecaster uses the weighted average model to determine the forecasts.He assumes a 40% weight for the most recent reading,30% weight for the second most recent reading,20% for the third most recent reading,and 10% for the fourth most recent reading.
-The value of α in the simple exponential smoothing model F_{t + 1} = (1 - α) F_t + αA_t lies between ________.

• A)1 and 2
• B)-1 and 0
• C)0 and 1
• D)-1 and 1

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Definitions:

Powers

The result of raising a base number to the exponent specified, indicating how many times the base is multiplied by itself.

Five-Figure Accuracy

A measurement precision where values are accurate up to five digits.

Solve For X

A common mathematical problem-solving phrase that involves finding the value of the variable 'x' that satisfies a given equation.

Solve For X

"Solve for X" is an instruction in mathematics to find the value of the variable X that satisfies a given equation.