Question: A check-processing centor uses exponential smoothing to forecast the number of incoming checks each month. The mumber of checks received in June was 40 milfion,

A check-processing centor uses exponential
A check-processing centor uses exponential smoothing to forecast the number of incoming checks each month. The mumber of checks received in June was 40 milfion, while the forecast was 43 million. A smoothing constant of 0.15 is used a) Using exponential smoothing and ghven the forecast tor the month of July = million checks recelved (round your responise fo one decimal place) b) If the check,processing center received 44 miliion checks in the month of Juh. then using exponential smoothing and given a, the forecast for the month of August mition checks received (round your response to one decimal place), c) Exponential smoothing may not be an appropriate mothod to use for the check.processing center bocause A. the check-processing center should observe seasonality in its processing requirnmants: B. the check-processing center's forecast is very hard lo make as its processing requirements should have a very high variability C. the check-processing center should observe an increasing trond in its processing requirements, D. the check-processing center should observe a cyclical trend in its processing requirements

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