When One Constant Is Used to Smooth the Forecast Average

question 75

Essay

When one constant is used to smooth the forecast average and a second constant is used to smooth the trend, the forecasting method is ________.

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Definitions:

Commission

A fee paid for services, usually a percentage of the amount involved in a transaction or sale.

Normal Sales

Sales transactions that occur under regular business conditions, without special circumstances or discounts.

Percents

A mathematical term representing a fraction of 100, used to denote a portion or share of a total.

Decimals

Numerical values expressed using a decimal system, involving a point to separate the whole number from the fractional part.