Question: You are using simple exponential smoothing with smoothing constant 0.2 to forecast monthly units sold of a product. After the January value is observed, your

You are using simple exponential smoothing with smoothing constant 0.2 to forecast monthly units sold of a product. After the January value is observed, your forecast for February is 340. A month later, you observe that 315 units wereactuallysold in February. At that point, which of the following is true about future forecasts?

a. Due to the lower than expected sales in February, the forecast for March is 335, and the forecast for April is even lower.

b. Due to the lower than expected sales in February, the forecast for March is 315, and the forecast for April is also 315.

c. Due to the lower than expected sales in February, the forecast for March is 335, and the forecast for April is also 335.

d. Due to the lower than expected sales in February, the forecast for March is 315, and the forecast for April is even lower.

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