The Zocor Company Is Interested in Forecasting Period 13 Sales

question 8

Multiple Choice

The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20 What is the forecast bias value for the model over periods 2-12?

• A) About 8.7
• B) Approximately -11.9
• C) About ± 8.9
• D) None of the above

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Definitions:

Color Vision

the ability of the human visual system to differentiate and perceive colors, which is produced by the interaction of light with the cone cells in the retina.

Pinna

The visible part of the ear.

Outermost Part

The most external or superficial layer of an object or body.

Sound Waves

Sounds that move through the air or a different substance and become audible upon arriving at the ear of a human or an animal.