Question: Consider the data below: Month Demand Jan 203 Feb 278 Mar 218 Apr 278 May 263 Jun 233 Jul 308 Aug 323 Sep 248 Oct

Consider the data below: Month Demand Jan 203 Feb 278 Mar 218 Apr 278 May 263 Jun 233 Jul 308 Aug 323 Sep 248 Oct 323 Nov 278 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. 0.5 b. Unsufficient information c. 1 d. 0 e. 0.25

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