It Is Now near the End of May and You

question 30

Multiple Choice

It is now near the end of May and you must prepare a forecast for June for a certain product. The forecast for May was 900 units. The actual demand for May was 1,000 units. You are using the exponential smoothing method with α = 0.20. The forecast for June is:

• A) fewer than 925 units.
• B) greater than or equal to 925 units but fewer than 950 units.
• C) greater than or equal to 950 units but fewer than 1,000 units.
• D) greater than or equal to 1,000 units.

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