Question: c . Use the Exponential Smoothing forecasting technique with an alpha of 0 . 5 determine the forecast for January 2 0 1 8 for

c. Use the Exponential Smoothing forecasting technique with an alpha of 0.5 determine the forecast for January 2018 for the MS-14001 milling set and the RP-14010 set of 10 dual-sided replacement tips using the December 2017 actual demand. Assume the forecast for December 2017 was 472 for MS14001 and 148 for RP-14010.
Remember:
New Forecast Latest Demand
 c. Use the Exponential Smoothing forecasting technique with an alpha of

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!