Question: b) Forecast demand using exponential smoothing with an alpha of 0.4, and an initial forecast of 29.0 for period 1. Calculate MA Jim's department at

b) Forecast demand using exponential smoothing

b) Forecast demand using exponential smoothing with an alpha of 0.4, and an initial forecast of 29.0 for period 1. Calculate MA

Jim's department at a local department store has tracked the sales of a product over the last five weeks. Period Demand 25 2 24 27 4 37 5 27 a) What is the forecast for Week 6 based on a weighted moving average applied to the following past demand data and using the weights: 0.2, 0.35, and 0.45? 3

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