Question: An analyst is using exponential smoothing to create forecasts. The forecast for time period 10 is 18. The observed (true) value for timer period 10

An analyst is using exponential smoothing to create forecasts. The forecast for time period 10 is 18. The observed (true) value for timer period 10 turns out to be 22. What is the forecast for time period 11 using exponential smoothing with a smoothing constant =0.3?

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!

Prompt: 10.24 The choice of the smoothing constants, and , has a considerable effect on the accuracy of the forecasts obtained by using exponential smoothing with trend. For each of the following...

Questions 9 - 12 refer to the following time series: Year: 0 1 2 3 4 Sales: 12 14 19 23 18 9. The value of the three-year centered moving average that corresponds to year 1 will be a. 15. b. 14. C....

21. The chicken brothers own and operate a chain of 12 Los Pollos Hermanos fast food restaurants in United States. The regression output for sales figures and profit is provided below. Sales are...

11. Olive Garden restaurant has tracked the number of meals served at lunch over the last four weeks. Use the following information to determine the seasonal (daily) indices (average index) for...

hello , I need help regarding this question it is of Production and Management Course name BUSI 2113 ( BBA) Home - Yorkville University X Assignment X + X -> C a...

i can email the excel spreadsheet that was provided with al the data. i dont know how to do that. Question-2. Use the data in the Excel file provided to forecast the demand of a particular product...

1 Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Forecasts MA(3) = MA(5) = MAE MA(3) MA(5) Part Grader b c Orders MA(3) MA(5) Delivered Forecast Forecast 120 90 100 75 110 50 75 130 110 90 Value...

I need help in these tasks, Please help me with these and also help me in the questions, I will be thankful I did first task, need to do second onwards Your team has just been hired as Operations...

Business Case 1 Excel File (1) Q Search Sheet h Sheet + Share Review - = View bain * * Insert 2 ' A DO 5 = Home Insert Page Layout Formulas Data * Arial 10 AA = Paste B IUBA 19 X fx A B C D E F G H 1...

1. Consider Best Buys Results Only Work Environment. What are its major strengths and weaknesses? 2. Describe the types of performance that ROWE overlooks. What are the likely consequences of...

NH,NO3Cag) - NH, (ag) + N0, (aq) AH= +25.7 kJ %3D 1. Consider the reaction above. In this reaction, heat is a (B] reaction. This reaction is said be [D) (AL Therefore, this "by enthalpy. that can be...

A stock had returns of 1 2 . 3 5 % ( 1 year ago ) , 1 8 . 9 1 % ( 2 years ago ) , X ( 3 years ago ) , and - 5 . 7 3 % ( 4 years ago ) in each of the past 4 years. Over the past 4 years, the compound...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...