A Company Wants to Generate a Forecast for Unit Demand

question 13

Multiple Choice

A company wants to generate a forecast for unit demand for year 2014 using exponential smoothing.The actual demand in year 2013 was 120.The forecast demand in year 2013 was 110.Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2014 forecast value?

• A)100
• B)110
• C)111
• D)114
• E)120

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Definitions:

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An electrical safety wire that provides a path for electrical current to safely earth in case of a fault, helping to prevent electric shock.