A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:

What is this year's forecast using exponential smoothing with alpha = 0.2, if last year's smoothed forecast was 15,000?
A)20,000
B)19,000
C)17,500
D)16,000
E)15,000

Question

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:

What is this year's forecast using exponential smoothing with alpha = 0.2, if last year's smoothed forecast was 15,000?
A)20,000 
B)19,000 
C)17,500 
D)16,000 
E)15,000

Quizplus · Accepted Answer

The Answer of A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:

What is this year's forecast using exponential smoothing with alpha = 0.2, if last year's smoothed forecast was 15,000?
A)20,000 
B)19,000 
C)17,500 
D)16,000 
E)15,000

A Concert Promoter Is Forecasting This Year's Attendance for One