The monthly demand for a certain product in thousands of units is as follows: Month Demand (Thousands) Jan 255 Feb 248 M
Posted: Fri May 20, 2022 8:06 am
The monthly demand for a certain product in thousands of units
is as follows:
Month
Demand (Thousands)
Jan
255
Feb
248
Mar
214
Apr
180
If Stella would like to make her exponential smoothing forecast
more responsive to demand in recent periods, what changes should
she make?
Group of answer choices
Change the initial forecast to match the actual demand
Increase alpha
Use the adaptive forecasting method with alpha > 1
Use moving average to find the latest forecast and then update
it with exponential smoothing method
Decrease alpha
is as follows:
Month
Demand (Thousands)
Jan
255
Feb
248
Mar
214
Apr
180
If Stella would like to make her exponential smoothing forecast
more responsive to demand in recent periods, what changes should
she make?
Group of answer choices
Change the initial forecast to match the actual demand
Increase alpha
Use the adaptive forecasting method with alpha > 1
Use moving average to find the latest forecast and then update
it with exponential smoothing method
Decrease alpha