The exponential smoothing method requires which of the following data to forecast the future?
A)The most recent forecast
B)Precise actual demand for the past several years
C)The value of the smoothing constant delta
D)Overall industry demand data
E)Tracking values

Question

Quizplus · Accepted Answer

In the exponential smoothing method, only three pieces of data are needed to forecast the future: the most recent forecast, the actual demand that occurred for that forecast period, and a smoothing constant alpha.

The Exponential Smoothing Method Requires Which of the Following Data