Using exponential smoothing, if F_t = 33, y_t = 41, and α = .20, what is the new forecast F_t₊₁? A)34.6 B)36.2 C)38.1 D)40.2

Name: Using exponential smoothing, if F t = 33, y t = 41, and α = .20, what is the new forecast F t +1 ? A)34.6 B)36.2 C)38.1 D)40.2
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Quizplus · Accepted Answer

The new forecast is calculated using the formula: FS1U1B1tS1U1B1+1S1U1B0 = FS1U1B1tS1U1B0 + α(yS1U1B1tS1U1B0 - FS1U1B1tS1U1B0). Plugging in the given values: 33 + 0.20(41 - 33) = 33 + 0.20(8) = 33 + 1.6 = 34.6.

Using Exponential Smoothing, If Ft = 33, Yt = 41

Using Exponential Smoothing, If F_t = 33, Y_t = 41