Question: Based on the information in the following, use the Exponential Smoothing method to forecast the demand in period 13 (January) when a=0.2 PERIOD MONTH Demand
Based on the information in the following, use the Exponential Smoothing method to forecast the demand in period 13 (January) when a=0.2
| PERIOD | MONTH | Demand | Forecast ( a=0.2) |
| 1 | Jan | 110 | |
| 2 | Feb | 70 | 110.00 |
| 3 | Mar | 80 | 102.00 |
| 4 | Apr | 150 | Answer
|
| 5 | May | 130 | Answer
|
| 6 | June | 140 | Answer
|
| 7 | July | 90 | Answer
|
| 8 | August | 120 | Answer
|
| 9 | September | 130 | Answer
|
| 10 | October | 70 | Answer
|
| 11 | November | 160 | Answer
|
| 12 | December | 170 | Answer
|
| 13 | January |
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