Use the data given below to answer the following question(s).
The sales details for 6 weeks of a particular type of switches,called the "Twitch," are shown in the table below.The value of k is set at 2.
-For the data given above,the forecast for week 5 is ________.
A)33 units
B)25 units
C)30 units
D)35 units

Question

Use the data given below to answer the following question(s).
The sales details for 6 weeks of a particular type of switches,called the "Twitch," are shown in the table below.The value of k is set at 2. 
-For the data given above,the forecast for week 5 is ________.
A)33 units 
B)25 units 
C)30 units 
D)35 units

Quizplus · Accepted Answer

To calculate the forecast using the exponential smoothing method, we use the following formula:
F(t) = F(t-1) + k*(A(t-1) - F(t-1))
where F(t) is the forecast for the current week (week 5 in this case), F(t-1) is the forecast for the previous week (week 4), A(t-1) is the actual sales for the previous week (week 4), and k is the smoothing constant (given as 2 in this case).
Using this formula, we can calculate the forecast for week 5:
F(5) = 27 + 2*(32 - 27)
F(5) = 30
Therefore, the forecast for week 5 is 30 units, which is option C.

Use the Data Given Below to Answer the Following Question(s)