SCENARIO 16-4
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows.
-Referring to Scenario 16-3,if this series is smoothed using exponential smoothing with a smoothing constant of 1/3,what would be the first value?
A)36
B)39
C)42
D)45

Question

SCENARIO 16-4
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows. 
-Referring to Scenario 16-3,if this series is smoothed using exponential smoothing with a smoothing constant of 1/3,what would be the first value?
A)36 
B)39 
C)42 
D)45

Quizplus · Accepted Answer

The first value in exponential smoothing is always the first actual value in the series, which is 36 in this scenario.

SCENARIO 16-4 the Number of Cases of Merlot Wine Sold by a by a Paso