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Car sales in four consecutive months are given as 70, 68, 82, 95. Exponentially smoothing average method with a smoothing factor of 0.4 is used in forecasting. The expected no. of forecasted car sales in the next month is
Car sales in four consecutive months are given as 70, 68, 82, 95. Exponentially smoothing average method with a smoothing factor of 0.4 is used in forecasting. The expected no. of forecasted car sales in the next month is
Updated On: Mar 21, 2024
- 74
- 84
- 94
- 106
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The Correct Option is A
Solution and Explanation
The correct option is (A): 74
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