Use the information in Table 8.5. Using the exponential smoothing method, with alpha equal to 0.2, what is the forecasted demand for November? Use an initial value for the forecast equal to 277 units.
A. fewer than or equal to 260 units
B. greater than 260 but fewer than or equal to 275 units
C. greater than 275 but fewer than or equal to 285 units
D. more than 285 units
Answer:B
Use the information in Table 8.5. Using the exponential smoothing method, with alpha equal to 0.2, what is the forecasted demand for November? Use an initial value for the forecast equal to 277 units.
A. fewer than or equal to 260 units B. greater than 260 but fewer than or equal to 275 units C. greater than 275 but fewer than or equal to 285 units D. more than 285 units