Question: A check - processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 43 million. A smoothing constant of 015 is used
a) Using exponential smoothing and given , the forecast for the month of July =426 million checks received (round your response to one decimal place).
b) If the check-processing center received 44 million checks in the month of July, then using exponential smoothing and given , the forecast for the month of August = million checks received (round your response to one decimal place).
 A check-processing center uses exponential smoothing to forecast the number of

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!