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The Zocor Company Is Interested in Forecasting Period 13 Sales

Question 32

Multiple Choice

The Zocor Company is interested in forecasting period 13 sales for a product.It has 12 months of historical data.The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20 The Zocor Company is interested in forecasting period 13 sales for a product.It has 12 months of historical data.The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20 What is the forecast bias value for the model over periods 2-12? A) About 8.7 B) Approximately -11.9 C) About ± 8.9 D) None of the above What is the forecast bias value for the model over periods 2-12?


A) About 8.7
B) Approximately -11.9
C) About ± 8.9
D) None of the above

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