Using Exponential Smoothing, If F_t = 12, Y_t = 15

question 77

Multiple Choice

Using exponential smoothing, if F_t = 12, y_t = 15, and α = .10, what is the new forecast F_t+1?

• A)14.1
• B)12.6
• C)12.3
• D)13.7

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Definitions:

Ages

Refers to the length of time that an individual, object, or phenomenon has existed.

Volunteers

Individuals who offer themselves for a service or undertaking willingly and without pay.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Range

The difference between the highest and lowest values in a dataset, indicating the dataset's spread.