1. True or False: With exponential smoothing, lower alphas should be used for demand patterns which are more stable.
T/F
2. True or False: A moving average forecasting method is a causal forecasting method.
T/F
3. In conducting time-series forecasts at a truck dealership, the key data element(s) include:
activity at competitor's facilities
prime interest rate
historical sales data
all data elements are key
4. Changing an alpha value in single exponential smoothing from 0.2 to 0.5 would make:
forecasts more dependent on most recent actual
the equations invalid
no difference
forecasts slower to respond to most recent actual