Consider the Data Below

question 34

Essay

Consider the data below:
Using exponential smoothing with alpha = .2, and assuming the forecast for period 11 was 80, what would the forecast for period 14 be?

---

Definitions:

Probability Distribution

A probability distribution is a mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.

Variability

The extent to which data points in a set differ from each other and from the mean of the set; a measure of dispersion or volatility.

Standard Deviation

A measure of the dispersion or variability of a set of data points around the mean, commonly used in finance to represent the volatility or risk associated with a particular investment.

Expected Return

A measure of the average likely profit or loss on an investment considering past performance or future forecasts.