Question:-
94. According to the simple exponential smoothing model of forecasting:
St = aDt + (1-a)DSt-1
Where Dt is the demand in period t, Sr is the estimated mean demand including all data up to period t and the parameter a is the proportion of weight of the most recent observation. If we chose a = 0.3 for the monthly forecast, then for the estimation of mean demand up to march 2008, the weightage of data of january 2008 is
Option (A)
0.3
Option (B)
0.09
Option(C)
0.027
Option(D)
0.147
Correct Option:
()
question-answer-faq-2744