What Is This Year's Forecast Using Exponential Smoothing with Alpha

question 81

Multiple Choice

What is this year's forecast using exponential smoothing with alpha = .2, if last year's smoothed forecast was 15,000?

• A)20,000
• B)19,000
• C)17,500
• D)16,000
• E)15,000

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Definitions:

System

In mathematics, a set of equations or inequalities involving the same variables.

Graph

A visual representation of data or mathematical functions, often displayed as points, lines, bars, or other shapes.

Cramer's Rule

A theorem used in linear algebra to solve systems of linear equations with as many equations as unknowns.

Linear Equations

Equations of the first degree, meaning they involve only first-degree variables (x) and constants, represent straight lines when graphed.