Question: An exponential smoothing forecast model is being used to forecast weekly demand at a sign-making shop. An alpha of 0.2 is being used. If the
An exponential smoothing forecast model is being used to forecast weekly demand at a sign-making shop. An alpha of 0.2 is being used. If the forecast for week 45 was 32 orders and actual demand turned out to be 36 orders, what will the forecast for week 46 be?
| a. | 32.8 | |
| b. | 33.6 | |
| c. | 34.4 | |
| d. | 35.6 | |
| e. | 36.2 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
