Consider the following statements relating to forecasting:
1. The time horizon to forecast depends upon where the product currently lies in its life cycle.
2. Opinion and judgmental forecasting Methods sometimes incorporate statistical analysis.
3. In exponential smoothing, low values of smoothening constant, alpha result in more smoothing than higher values of alpha
Which of the statements given above are correct?
(a) 1, 2 and 3 (b) 1 and 2 only
(c) 1 and 3 only (d) 2 and 3 only