The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20. Which of the following would be the forecast for period 13?
A) 40.3
B) 39.2
C) 34.7
D) 36.5

Question

The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20.  Which of the following would be the forecast for period 13?
A) 40.3 
B) 39.2 
C) 34.7 
D) 36.5

Quizplus · Accepted Answer

The Answer of The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20.  Which of the following would be the forecast for period 13?
A) 40.3 
B) 39.2 
C) 34.7 
D) 36.5

The Zocor Company Is Interested in Forecasting Period 13 Sales