AFP Certified Treasury Professional CTP Question # 252 Topic 3 Discussion

AFP Certified Treasury Professional CTP Question # 252 Topic 3 Discussion

CTP Exam Topic 3 Question 252 Discussion:
Question #: 252
Topic #: 3

Company XYZ uses exponential smoothing to forecast its daily lockbox receipts. With the help of a statistical computer program, the company has determined that the smoothing constant is 0.35.

CTP Question 252

Using the data in the table, what is the exponential smoothing forecast for Day 7 (rounded to the nearest whole $)?


A.

$26,600


B.

$27,167


C.

$27,790


D.

$28,810


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