What Is This Week's Forecast Using Trend Adjusted (Double)smoothing with Alpha(1)=

question 39

Multiple Choice

What is this week's forecast using trend adjusted (double) smoothing with alpha(1) = 0.5 and alpha(2) = 0.1,if the forecast for last week was 65,the forecast for two weeks ago was 75,and the trend estimate for last week's forecast was -5?

• A) 49
• B) 50
• C) 55
• D) 65
• E) 78

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Definitions:

CPI

A gauge called the Consumer Price Index assesses the weighted average price shifts in a collection of consumer products and services, encompassing areas like food, healthcare, and transportation.

Economists

Professionals who study the production, distribution, and consumption of goods and services, often focusing on research, analysis, and the development of economic theories.

Quality Changes

Alterations in the features, specifications, or performance of goods and services, often impacting their perceived value or utility.

Bureau of Labor Statistics

An agency of the United States Department of Labor, responsible for measuring labor market activity, working conditions, and price changes in the economy.