A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A smoothing constant of 0.15 is used. a) Using exponential smoothing and given a, the forecast for the month of July = million checks received (round your response to one decimal place). b) If the check-processing center received 46 million checks in the month of July, then using exponential smoothing and given a, the forecast for the month of August = million checks received (round your response to one decimal place). c) Exponential smoothing may not be an appropriate method to use for the check-processing center because: O A. the check-processing center should observe an increasing trend in its processing requirements. O B. the check-processing center should observe a cyclical trend in its processing requirements. O C. the check-processing center's forecast is very hard make as its processing requirements should have a very high variability. O D. the check-processing center should observe seasonality its processing requirements.

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A smoothing constant of 0.15 is used. a) Using exponential smoothing and given a, the forecast for the month of July = million checks received (round your response to one decimal place). b) If the check-processing center received 46 million checks in the month of July, then using exponential smoothing and given a, the forecast for the month of August = million checks received (round your response to one decimal place). c) Exponential smoothing may not be an appropriate method to use for the check-processing center because: O A. the check-processing center should observe an increasing trend in its processing requirements. O B. the check-processing center should observe a cyclical trend in its processing requirements. O C. the check-processing center's forecast is very hard make as its processing requirements should have a very high variability. O D. the check-processing center should observe seasonality its processing requirements.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...

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