An exponential smoothing forecasting technique requires all of the following except
A)the forecast for the current period.
B)the actual demand for the current period.
C)a smoothing constant.
D)large amounts of historical demand data.

Question

Quizplus · Accepted Answer

Exponential smoothing forecasting technique requires the forecast for the current period, the actual demand for the current period, and a smoothing constant. However, it does not require large amounts of historical demand data as it only takes into account the past demand values and their weights through the smoothing constant.

An Exponential Smoothing Forecasting Technique Requires All of the Following