Question: Consider the data below: Month Demand Jan 242 Feb 122 Mar 152 137 Apr May 107 Jun 167 Jul 197 Aug 212 Sep 257 Oct

Consider the data below: Month Demand Jan 242 Feb

Consider the data below: Month Demand Jan 242 Feb 122 Mar 152 137 Apr May 107 Jun 167 Jul 197 Aug 212 Sep 257 Oct 107 Nov 167 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. Unsufficient information d. 1 e. 0.5

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