Question: To initialize the forecasts in an exponential smoothing process, it is acceptable to: Group of answer choices use the average of the first six observed
To initialize the forecasts in an exponential smoothing process, it is acceptable to:
Group of answer choices
use the average of the first six observed data values
use the most recent data value in the observed data
apply the smoothing constant alpha to the mean of the data.
ask a panel of experts to make a guess at the initial forecast
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
