The business analyst for Ace Business Machines, Inc. wants to forecast this year's demand for manual typewriters based on the following historical data:
$$\begin{array} { | c | c | }
\hline \text { Time Periad } & \text { Demand } \
\hline 5 \text { years ago } & 900 \
\hline 4 \text { years ago } & 700 \
\hline 3 \text { years ago } & 600 \
\hline 2 \text { years ago } & 500 \
\hline \text { Last year } & 300 \
\hline
\end{array}$$
What is the forecast for this year using exponential smoothing with ? = 0.4, if the forecast for two years ago was 750?
A) 163
B) 180
C) 300
D) 467
E) 510

Question

The business analyst for Ace Business Machines, Inc. wants to forecast this year's demand for manual typewriters based on the following historical data:
$$\begin{array} { | c | c | } 
\hline \text { Time Periad } & \text { Demand } \
\hline 5 \text { years ago } & 900 \
\hline 4 \text { years ago } & 700 \
\hline 3 \text { years ago } & 600 \
\hline 2 \text { years ago } & 500 \
\hline \text { Last year } & 300 \
\hline
\end{array}$$
What is the forecast for this year using exponential smoothing with ? = 0.4, if the forecast for two years ago was 750?
A) 163
B) 180
C) 300
D) 467
E) 510

Quizplus · Accepted Answer

The Answer of The business analyst for Ace Business Machines, Inc. wants to forecast this year's demand for manual typewriters based on the following historical data:
$$\begin{array} { | c | c | } 
\hline \text { Time Periad } & \text { Demand } \
\hline 5 \text { years ago } & 900 \
\hline 4 \text { years ago } & 700 \
\hline 3 \text { years ago } & 600 \
\hline 2 \text { years ago } & 500 \
\hline \text { Last year } & 300 \
\hline
\end{array}$$
What is the forecast for this year using exponential smoothing with ? = 0.4, if the forecast for two years ago was 750?
A) 163
B) 180
C) 300
D) 467
E) 510

The Business Analyst for Ace Business Machines, Inc What Is the Forecast for This Year Using Exponential Smoothing