Question: Can someone explain to me what I am doing wrong on the exponential smoothing? Here are the actual tabulated demands for an item for a

Can someone explain to me what I am doing wrong on the exponential smoothing?

Can someone explain to me what I am doing wrong

Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better over this period. a. Forecast April through September using a three-month moving average. Note: Round your answers to 2 decimal places. Answer is complete and correct. b. Use simple exponential smoothing with an alpha of 0.20 to estimate April through September, using the average of January through March as the initial forecast for Aprill. Note: Round your answers to 2 decimal places. Answer is complete but not entirely correct. c-1. Calculate MAD for each method. Note: Round your answers to 2 decimal places. * Answer is complete but not entirely correct

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!