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The demand for a two-wheeler was 900 units and 1030 units in April 2015 and May 2015, respectively. The forecast for the month of April 2015 was 850 units. Considering a smoothing constant of 0.6, the forecast for the month of June 2015 is
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- 850 units
- 927 units
- 965 units
- 970 units
Correct Option: D
(a) Simple moving average method gives equal weight to each of the most recent observation
(b) Weight ed moving average method gives more weight to the recent values.
(c) Triple exponential smoothing is a rule of thumb technique for smoothing time series data using the exponential window function.
(d) Kalman filter is also used for time series data using adaptive models.
