A demand planner is using exponential smoothing to forecast weekly product demand. The planner notices that the forecasts are consistently lagging behind actual demand, especially during a recent upward trend. Which adjustment should the planner make to improve the forecast?

Switch to a simple moving average with a longer window

Decrease the smoothing constant to smooth out noise

Increase the smoothing constant to give more weight to recent observations

Dell Data Science Foundations

Domain 4Objective 7

Time Series Analysis DATA-SCIENCE-FOUNDATIONS Practice Questions (Page 6)

Part of the Advanced Analytics - Theory, Application, and Interpretation of Results for Eight Methods domain, which accounts for 40% of the DATA-SCIENCE-FOUNDATIONS exam.

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Questions 26–26

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A demand planner is using exponential smoothing to forecast weekly product demand. The planner notices that the forecasts are consistently lagging behind actual demand, especially during a recent upward trend. Which adjustment should the planner make to improve the forecast?
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Time Series Analysis DATA-SCIENCE-FOUNDATIONS Practice Questions (Page 6)

Questions 26–26

A demand planner is using exponential smoothing to forecast weekly product demand. The planner notices that the forecasts are consistently lagging behind actual demand, especially during a recent upward trend. Which adjustment should the planner make to improve the forecast?

Keep studying — Advanced Analytics - Theory, Application, and Interpretation of Results for Eight Methods