Solved

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

Question 1

Multiple Choice

Use the data given below to answer the following question(s) .
The details of the clock sales at a supermarket for the past 6 weeks are shown in the table below.The time series appears to be relatively stable, without trend, seasonal, or cyclical effects.The simple moving average value of k is set at 2.
 Week  Units sold 188244354465572685\begin{array}{|c|c|}\hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}
-If the smoothing constant is assumed to be 0.7, and setting F₁ and F₂ = A₁, the exponential smoothing sales forecast for week 7 is approximately ________.


A) 50 clocks
B) 80 clocks
C) 60 clocks
D) 70 clocks

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents