Question: calculate the forecast for month 5 using exponential forecasting using.. a) Calculate the forecast for month 5 using exponential forecasting using ex = 0.25. b)
calculate the forecast for month 5 using exponential forecasting using..
a) Calculate the forecast for month 5 using exponential forecasting using ex = 0.25. b) Calculate the 2 month moving average for all available months. c) Calculate the error for exponential smoothing and the 2 month MA using MAPE. Which forecasting technique provides the best forecast (be specific)? Month Actual DemandExponential Forecast 22 20 2 23 3 125 20
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
