The Exponential Smoothing Method Requires Which of the Following Data

question 5

Multiple Choice

The exponential smoothing method requires which of the following data to forecast the future?

• A)The most recent forecast for the past year
• B)Precise actual demand for the past several yearsyear
• C)The value of the smoothing constant delta
• D)Overall industry demand data
• E)Tracking valuesA, B and C

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Definitions:

Certainty

A state of being free from doubt or convinced about a fact, outcome, or condition.

Alternative Solutions

Viable options or strategies that can be implemented to solve a problem or address a situation, often explored during the decision-making process.

Specific Event

A distinct occurrence or happening, often of particular importance or significance, that takes place at a certain time and location.

Potential Impacts

Possible effects or outcomes that could arise as a result of a specific action, decision, or event.