Question: Question 5 1.5 / 1.5 points The next THREE questions are based on the following information. A car dealer uses exponential smoothing method to forecast

Question 5 1.5 / 1.5 points The next THREE

Question 5 1.5 / 1.5 points The next THREE questions are based on the following information. A car dealer uses exponential smoothing method to forecast the number of customers arriving at his showroom. The smoothing constant is 0.3. The table blow shows the actual number of customers in recent weeks. Week 1 2 3 4 110 106 92 100 Actual number of customers If the forecasted number of customers for week 4 was 110, what will be your forecast for week 5 using exponential smoothing? a) 113 Ob) 107 c) 103 d) 97 Question 6 0 / 1.5 points What is the weight this forecast model assigned to the actual number of customers in week 3? a) b) 0.3 E 1 got this answer incorrect. What is the correct response? c) 0.7 d) 0.21 e) Not enough information

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