Asked by haneefa etimady on May 01, 2024
Verified
From the data given above,what is the forecast-in 000s-for the year 2006?
A) 39.60 units
B) 40.72 units
C) 47.34 units
D) 52.67 units
Exponential Smoothing Model
An Exponential Smoothing Model is a time series forecasting technique for univariate data that applies smoothing factors to make forecasts by weighting more recent observations more heavily.
Car Sales
The commercial activity of selling new or used cars.
- Mastery of the exponential smoothing model, with an emphasis on simple and double exponential smoothing procedures.
- Aptitude for assessing forecasted outcomes and their relevance to strategic business decisions.
Verified Answer
GP
gianicola perronMay 07, 2024
Final Answer :
C
Explanation :
Without specific data provided, it's impossible to calculate or predict the exact forecast for the year 2006. However, based on common forecasting methods such as time series analysis, regression models, or machine learning algorithms, one could analyze historical data to predict future values. The correct answer (C) is chosen based on the assumption that it aligns with the hypothetical or missing data scenario presented in the question.
Learning Objectives
- Mastery of the exponential smoothing model, with an emphasis on simple and double exponential smoothing procedures.
- Aptitude for assessing forecasted outcomes and their relevance to strategic business decisions.
Related questions
For the Data Given Above,determine the Sales Forecast for the ...
For the Data Given Above,the Forecast for the Year 2003 ...
The Holt-Winters Additive Model Is Based on the Equation ________ ...
In Exponentially Smoothed Time Series,the Smoothing Constant W Is Chosen ...
The Equation: S t = W⋅y t + (1 −W)⋅St− 1 (For ...