Question: Consider using a simple exponential smoothing model. In your analysis, test two alpha values, 0 . 2 and 0 . 4 . When using an

Consider using a simple exponential smoothing model. In your analysis, test two alpha values, 0.2 and 0.4. When using an alpha value of 0.2, assume that the forecast for week 1 is the past three-week average (the average demand for periods 3,2, and 1). For the model using an alpha of 0.4, assume that the forecast for week 1 is the past five-week average.
Note: Round your answers to 2 decimal places.

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!