Question: A company has had actual unit demand for four consecutive years of 1 2 4 , 1 1 7 , 1 1 8 , and

A company has had actual unit demand for four consecutive years of 124,117,118, and 134. The respective forecasts using exponential smoothing were 125 for each of those four years. What value of alpha, the smoothing constant, was the firm using?

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!

Q:

The Atlantic Grocery chain operates in major metropolitan areas on the eastern seaboard. The stores have a no-frills approach, with low overhead and high volume. They generally buy their stock in...

Q:

5. Time-series Analysis (9 points) a. (3 points) A company wants to forecast demand using the simple moving average. If the company uses four prior yearly sales values (i.e., year 2005= 157 , year...

Q:

Time-series Analysis (9 points) a. (3 points) A company wants to forecast demand using the simple moving average. If the company uses four prior yearly sales values (i.e., year 2005 = 157, year 2006...

Q:

questions are in the photos. Thank you ! Question 11: Exponential Smoothing 4 points In exponential smoothing, it is desirable to use a higher smoothing constant when forecasting demand for a product...

Q:

Question 12: Exponential Smoothing 6 points Given a prior forecast demand value of 198, an actually observed demand value of 106 in that period, and a smoothing constant alpha of 0.53, what is the...

Q:

1. A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2017 = 105 and year 2018 = 163 ), and wants to weight year 2017...

Q:

questions in the photos. Thank you ! Question 7: Weighted Moving Average 4 points In the weighted moving average forecasting model the weights must add up to one times the number of data points....

Q:

Question 13: Smoothing Constant 6 points A company has had actual unit demand for four consecutive years of 119, 134, 120, and 119. The respective forecasts using exponential smoothing were 129 for...

Q:

(a) A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2017 = 126 and year 2018 = 152 ), and wants to weight year 2017...

Q:

a - A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2017 = 199 and year 2018 = 134 ), and wants to weight year 2017...

Q:

Given a prior forecast demand value of 143 , an actually observed demand value of 145 in that period, and a smoothing constant alpha of 0.03 , what is the exponential smoothing forecast value for the...

Q:

What is the product that you plan to sell? The product i would like to sell is an organic keratin treatment made specially to a pregnant or breast feeding person. during my own pregnancy i made a lot...

Q:

Why does the use of demand and supply curves of the traded commodity refer to partial equilibrium analysis? In what way is partial equilibrium analysis of trade related to general equilibrium...

Q:

In which of the following situations is the income considered to accrue solely to one spouse and not deemed to be the income of the other spouse, regardless of their marital regime? A . Trade income...

Q:

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Q:

Debate the diffi culties that could emerge with the direct transfer of Western HRM methods into a Gulf country. What approaches should you adopt to avoid these diffi culties?

Q:

In the Meteor case study, Sarah has put together a comprehensive human resource plan. Think about what could go wrong or what diffi culties could be faced and work out how you could deal with these...

Q:

Read the article about the staff shortages in Essex County Council. Think of other areas where there are shortages of professional staff (accounting, legal, planning, hospitals) and suggest ideas how...