To Initialize the Forecasts in an Exponential Smoothing Process, It

question 5

Multiple Choice

To initialize the forecasts in an exponential smoothing process, it is acceptable to:

• A)use the average of the first six observed data values.
• B)use the most recent data value in the observed data.
• C)apply the smoothing constant α to the mean of the data.
• D)ask a panel of experts to make a guess at the initial forecast.

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