b.Compute all possible forecasts using exponential smoothing with a smoothing coefficient () of 0.3.(Negative amounts should be
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b. Compute all possible forecasts using exponential smoothing with a smoothing coefficient (α) of 0.3. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) | |||||
Period | Demand | Exponential Smooth | Error | Absolute Error | |
1 | 20 | ||||
2 | 46 | ||||
3 | 20 | ||||
4 | 9 | ||||
5 | 19 | ||||
6 | 8 | ||||
7 | 19 | ||||
8 | 34 | ||||
9 | 39 | ||||
10 | 4 | ||||
11 | 30 | ||||
12 | 23 | ||||
13 | 10 | ||||
14 | 27 | ||||
c. Compute all possible forecasts using exponential smoothing with a smoothing coefficient (α) of 0.7. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) | |||||
Period | Demand | Exponential Smooth | Error | Absolute Error | |
1 | 20 | ||||
2 | 46 | ||||
3 | 20 | ||||
4 | 9 | ||||
5 | 19 | ||||
6 | 8 | ||||
7 | 19 | ||||
8 | 34 | ||||
9 | 39 | ||||
10 | 4 | ||||
11 | 30 | ||||
12 | 23 | ||||
13 | 10 | ||||
14 | 27 | ||||
15 | |||||
d. Compute the MADs for each forecast model. (Round your answers to 3 decimal places.) | |||||
Average Forecast | |||||
For an alpha of 0.3, the MAD | |||||
For an alpha of 0.7, the MAD | |||||
Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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