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Question
The Wilson Company is interested in forecasting demand for its XG-667 product for quarter 13 based on 12 quarters of data. The following shows the data and the double exponential smoothing model results for periods 1-12 using alpha = 0.20 and beta = 0.40.
Based on this information, which of the following statements is true?
A) If beta is changed to 0.20 and alpha remains at 0.20, the MAD for periods 2-12 is reduced.
B) If beta is changed to 0.20 and alpha remains at 0.20, the forecast for period 13 is slightly reduced.
C) The forecast bias for periods 2-12 is approximately 6.18.
D) All of the above are true.
Answer
This answer is hidden. It contains 10 characters.
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