The table below shows the actual closing daily stock prices for Kyocera Corporation for September 2 through September 5, 2008.Suppose the forecast for Sept.2 is 81.88.Using SES (single exponential smoothing) with a smoothing constant of 0.2 (α = 0.2), what is the forecast for Sept.3?

A)81.86
B)81.78
C)81.81
D)81.55
E)None of the above.

Question

The table below shows the actual closing daily stock prices for Kyocera Corporation for September 2 through September 5, 2008.Suppose the forecast for Sept.2 is 81.88.Using SES (single exponential smoothing) with a smoothing constant of 0.2 (α = 0.2) , what is the forecast for Sept.3?

A)81.86 
B)81.78 
C)81.81 
D)81.55 
E)None of the above.

Quizplus · Accepted Answer

The Answer is B

The Table Below Shows the Actual Closing Daily Stock Prices