Develop an exponential smoothing forecast (a = 0.3) for February 2019 through January 2020. Assume that your
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Develop an exponential smoothing forecast (a = 0.3) for February 2019 through January 2020. Assume that your forecast for January 2019 was 100. Calculate the MFE, MAD, and MAPE values for February through December 2020.
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MONTH DEMAND January 2019 February 119 72 March 113 April 82 82 May June 131 July 111 August September 116 89 October 95 November 88 December 90
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Month Demand Forecast Forecast Absolute Absolute a 03 Error Deviation Error 1a 07 Jan19 119 10...View the full answer
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Related Book For
Introduction to Operations and Supply Chain Management
ISBN: 978-0134740607
5th edition
Authors: Cecil B. Bozarth, Robert B. Handfield
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