Consider the following time series data. Suppose that you use exponential smoothing with an alpha of 0.7 to fit a forecasting model. The forecast for period 7 is
Period Forecast Actual value
Period 1 10 10
Period 2 10 11
Period 3 10.7 9
Period 4 9.51 12
Period 5 11.253 13
Period 6 12.476 11
A) 10.443
B) 12
C) 9.443
D) 12.443
E) 11.443
E
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a. Low-order reasoning b. Zero-order reasoning c. Higher-order reasoning d. First-order reasoning
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