Teaching HPSC Lecturer (Technical) Mock Test 2024 Industrial Engineering Production Planning and Inventory Control Forecasting
In forecasting by exponential smoothing, if α is a smoothing constant, then:
1
New Forecast = α (latest sales figure) + (1 - α ) (old forecast)
2
New Forecast = α (latest sales figure) – (1 - α) (old forecast)
3
New forecast = α (latest sales figure) + (1 + α) (old forecast)
4
New Forecast = α (latest sales figure) – (1 + α) (old forecast)
5
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