The NY Diner forecasted 260 (period 1) and 250 (period 2) meals for two lunch periods. Actual
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Question:
The NY Diner forecasted 260 (period 1) and 250 (period 2) meals for two lunch periods. Actual meals served for the first period were 210. If the Diner uses an exponential smoothing approach to forecasting, what would the smoothing constant be for forecasting meals served for the second lunch period?
a. 4
b. 3
c. 1
d. 2
Related Book For
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
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