The owner of Darkest Tans Unlimited in a local mall is forecasting this month's (October's) demand for the one new tanning booth based on the following historical data: $$\begin{array} { l l }
\text { Month } & \text { Number of Visits } \
\hline \text { April } & 100 \
\text { May } & 140 \
\text { June } & 110 \
\text { July } & 150 \
\text { August } & 120 \
\text { September } & 160
\end{array}$$ What is this month's forecast using exponential smoothing with alpha = .2, if August's forecast was 145?
A) 144
B) 140
C) 142
D) 148
E) 163

Question

The owner of Darkest Tans Unlimited in a local mall is forecasting this month's (October's) demand for the one new tanning booth based on the following historical data: $$\begin{array} { l l } 
\text { Month } & \text { Number of Visits } \
\hline  \text { April } & 100 \
\text { May } & 140 \
\text { June } & 110 \
\text { July } & 150 \
\text { August } & 120 \
\text { September } & 160
\end{array}$$ What is this month's forecast using exponential smoothing with alpha = .2, if August's forecast was 145?
A) 144
B) 140
C) 142
D) 148
E) 163

Quizplus · Accepted Answer

The Answer of The owner of Darkest Tans Unlimited in a local mall is forecasting this month's (October's) demand for the one new tanning booth based on the following historical data: $$\begin{array} { l l } 
\text { Month } & \text { Number of Visits } \
\hline  \text { April } & 100 \
\text { May } & 140 \
\text { June } & 110 \
\text { July } & 150 \
\text { August } & 120 \
\text { September } & 160
\end{array}$$ What is this month's forecast using exponential smoothing with alpha = .2, if August's forecast was 145?
A) 144
B) 140
C) 142
D) 148
E) 163

The Owner of Darkest Tans Unlimited in a Local Mall