Question: 5 4 1 2 3 If you were to use the exponential smoothing with a smoothing constant of alpha Table is given for convenience. You

5 4 1 2 3 If you were to use the exponential smoothing with a smoothing constant of alpha Table is given for convenience. You do NOT have to fill it in. Hint: think what you can write forecast column for period 2. Also the exponential smoothing formula is F_t+1 = alpha *Y_t+ (1-alpha)*F_t .2, what would be your forecast for period 3? Period 290 320 310 300 290 O Between 295 and 299 O Between 305 and 310 Between 300 and 304 Between 290 and 294 Sales Sales Forecast Error MacBook Pro 4 pts

If vou were to use the exponentiai smoothing with a sticioothing constant of alpha - 2 . What would be vour forkecast for period a? Tabse as given for converience. You do NOT have to fill it in. Hint think what you can write forecast column for perind 2 . Also Between 295 and 299 Between 305 and 310 Between 300 and 304 Between 290 and 294 Using the numbers in the previous question, if you were to use the exponential smoothing with a smoothing constant of 2 , what would be your forecast error for period 3 ? Between 0 and 5 Between 10 and 15 Between -10 and -15 . Between 0 and - 5 Question 11 t's assume that you have the following data set

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Simulate the 1654 gamblers dispute in Exercise 3.5. Data from Exercise 3.5. A gamblers dispute in 1654 is said to have led to the creation of mathematical probability. Two French mathematicians,...

22 23 24 Given the following actual and forecast demand of a product, use simple exponential smoothing with a smoothing constant, alpha = 0.6 to update the forecast. Choose the closest number if...

Dave's Bar-B-Q operated a mobile kitchen that serviced construction sites, office buildings, and public parks. Beginning in June, snow cones were added to the menu. The weekly sales figures for June...

our boss has assigned you a forecasting project at work. She wants you to forecast demand for the company nd has given you a file with data, which is on the worksheets of the spreadsheet for you...

17,18,19 CHAPTER 5. FORECASTING 5-17 Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year mov- ing average...

Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years ( see table below ) . Using exponential smoothing with a smoothing constant ( alpha ) of 0 . 3 0 and a...

4 5 6 3 4 1 2 3 4 5 6 7 8 9 10 11. Week 1 2. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 12 13 14 15 16 17 18 Sales 5063.7800 5190.6800 4988.5800 5172.8200 5067.5400 5170.0000 4966.0200 4867.3200 4543.0200...

Microprocessor manufacturer has kept track of demand for microprocessors for last two years (24 months). Data is provided to you for microprocessor demand. Manager has asked use forecasting methods...

C u apie teill. Instruction: The following are the number of tires demanded for the past two years for XYZ company; Quarter Actual Demand Year 1 Year 2 100 90 95 90 98 92 90 88 Requirements: Assume...

2 Company ABC produces and sells 4 types of computer monitors of different features. The following table shows the number of products ABC sold in the past 5 weeks. 1 2 3 4 5 Total Week Product Type...

Let A and B be n n matrices. Prove that if Ax = Bx for all n 1 matrices x, then A = B.

In Example 14.16, a basic hydrogenoxygen fuel cell reaction was analyzed at 25C, 100 kPa. Repeat this calculation, assuming that the fuel cell operates on air at 25C, 100 kPa, instead...

Question 1 [ 1 5 ] Analyse the significance of strategic alignment between Kluuvin Apteekki's business objectives and its transition to cloud - based accounting information systems. In your answer,...

Premise: Using a dictionary and list, create a set of key / value pairs that consists of a musical database. The key / value pairs should consist of Artist Name: Song Names pattern. For example, EACH...