Question: 8 . 7 . Using exponential smoothing, calculate the forecasts for the same months as in problem 8 . 3 c . The old average

8.7. Using exponential smoothing, calculate the forecasts for the same months as in problem 8.3c. The old average for month 3 was 96 and \alpha =0.4. What is the difference between the two forecasts for month 11? Month Actual Demand Forecast
1102
291
395
4105
594
6100
7106
895
10105
1198

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!