Question: 1. A data analyst used exponential smoothing to generate the following weekly forecasts. What should be the forecast for week 7? Keep one decimal place.

1. A data analyst used exponential smoothing to generate the following weekly forecasts. What should be the forecast for week 7? Keep one decimal place.

Week Sales Forecast
1 10
2 12 10
3 17 10.8
4 14 13.28
5 19 13.568
6 22 15.7408
7

2. For the exponential smoothing method, a greater value of the smoothing constsant makes the forecasts more accurate, because the method will assign a greater weight to the more recent observations.

Question 2 options:

True
False

3. If the time series data has a significant upward trend, the moving average method tends to ______ the actual quantity.

Question 3 options:

underestimate

overestimate

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