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Use the Data Given Below to Answer the Following Question(s)

Question 30

Multiple Choice

Use the data given below to answer the following question(s) .
The table below shows the sales of a gaming console for the first 6 months of the year 2011.
The forecaster uses the weighted average model to determine the forecasts.He assumes a 40% weight for the most recent reading,30% weight for the second most recent reading,20% for the third most recent reading,and 10% for the fourth most recent reading. Use the data given below to answer the following question(s) . The table below shows the sales of a gaming console for the first 6 months of the year 2011. The forecaster uses the weighted average model to determine the forecasts.He assumes a 40% weight for the most recent reading,30% weight for the second most recent reading,20% for the third most recent reading,and 10% for the fourth most recent reading. -In the simple exponential smoothing model F<sub>t </sub><sub>+ 1</sub> = (1 - α) F<sub>t</sub> + αA<sub>t</sub>,the exponential smoothing constant is ________. A) F<sub>t</sub><sub>+1</sub> B) α C) A<sub>t</sub> D) F<sub>t</sub>
-In the simple exponential smoothing model Ft + 1 = (1 - α) Ft + αAt,the exponential smoothing constant is ________.


A) Ft+1
B) α
C) At
D) Ft

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