The exponential smoothing method requires which of the following data to forecast the future?
A)The most recent forecast,the most recent demand and the smoothing constant
B)Precise actual demand for the past 10-15 years
C)The slope of the trendline and the seasonality peak-to-trough ratio
D)Overall industry demand data
E)Tracking values alpha,beta and gamma

Question

Quizplus · Accepted Answer

The exponential smoothing method requires the most recent forecast, the most recent demand, and the smoothing constant as input data to forecast the future. The method calculates the next forecast by taking a weighted average of the most recent demand and forecast values, with the weights determined by the smoothing constant.

The Exponential Smoothing Method Requires Which of the Following Data