Question: Consider the data below: Month Demand Jan 159 Feb 204 Mar 189 Apr 249 May 219 Jun 219 Jul 189 Aug 204 Sep 234 Oct
Consider the data below:
| Month | Demand |
| Jan | 159 |
| Feb | 204 |
| Mar | 189 |
| Apr | 249 |
| May | 219 |
| Jun | 219 |
| Jul | 189 |
| Aug | 204 |
| Sep | 234 |
| Oct | 204 |
| Nov | 159 |
The forecast for the month of November was higher than the actual demand and the forecast for the month of December (using exponential smoothing) is exactly equal to the actual demand of November. What smoothing constant can justify this behaviour?
a. 0
b. 0.25
c. 0.5
d. 1
e. Unsufficient information
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
