Question: 32 33 34 The information here is the same for answering questions 32 to 34. The monthly demand for a certain product in thousands of

32 33 34 The information here is the same for

34 32 33 34 The information here is the same for

The information here is the same for answering questions 32 to 34. The monthly demand for a certain product in thousands of units is as follows: Month Demand (Thousands) Jan 255 Feb 248 Mar 214 Apr 180 The sales manager Stella needs to make a demand forecast for May using 3-month simple moving average. What forecast demand (in thousands) will Stella get? 226 200 214 176 138 Suppose Stella now uses exponential smoothing (with a smoothing constant alpha = 0.25) to forecast the demand for May. The latest forecast for April is 219. What is the forecast demand (in thousands) will Stella get? (Choose the closest number.) 263 254 187 209 152 If Stella would like to make her exponential smoothing forecast more responsive to demand in recent periods, what changes should she make? Increase alpha Use moving average to find the latest forecast and then update it with exponential smoothing method Decrease alpha Use the adaptive forecasting method with alpha > 1 Change the initial forecast to match the actual demand

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