Question: Consider the data below: Month Demand Jan 209 Feb 269 Mar 224 224 Apr May Jun 254 224 299 194 Jul Aug Sep Oct Nov

Consider the data below: Month Demand Jan 209 Feb

Consider the data below: Month Demand Jan 209 Feb 269 Mar 224 224 Apr May Jun 254 224 299 194 Jul Aug Sep Oct Nov 254 254 194 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. 0 d. 1 e. 0.25

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