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

Question 33

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. -The value of α in the simple exponential smoothing model F<sub>t </sub><sub>+ 1</sub> = (1 - α) F<sub>t</sub> + αA<sub>t</sub> lies between ________. A) 1 and 2 B) -1 and 0 C) 0 and 1 D) -1 and 1
-The value of α in the simple exponential smoothing model Ft + 1 = (1 - α) Ft + αAt lies between ________.


A) 1 and 2
B) -1 and 0
C) 0 and 1
D) -1 and 1

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