Question: COO would like you to develop and compare exponential smoothing forecasting based on two years data, 2018 - 2019. You were assigned to perform exponential
- COO would like you to develop and compare exponential smoothing forecasting based on two years data, 2018 - 2019. You were assigned to perform exponential smoothing and exponential with trend adjustment. Predicted demand for the first quarter of 2018 is 5,000 (F1) million baht and the trend over Q1 of 2018 is 500 (T1) million baht. Smoothing constants are assigned that the value of alpha () is 0.2 and beta () is 0.5. (10 marks)
(When performing the calculation, keep the number rounded with no decimal point)
|
|
| Exponential Smoothing |
| Exponential Smoothing with Trend |
| Forecasting Sales 2018 (Q1) | = | 5,000 |
| 5,000 + 500 |
| Forecasting Sales 2018 (Q2) | = |
|
|
|
| Forecasting Sales 2018 (Q3) | = |
|
|
|
| Forecasting Sales 2018 (Q4) | = |
|
|
|
| Forecasting Sales 2019 (Q1) | = |
|
|
|
| Forecasting Sales 2019 (Q2) | = |
|
|
|
| Forecasting Sales 2019 (Q3) | = |
|
|
|
| Forecasting Sales 2019 (Q4) | = |
|
|
|
| Forecasting Sales 2020 (Q1) | = |
|
|
|
| Unit: Million Baht | ||
|
| 2018 | 2019 |
| Q1 | 3,361 | 6,477 |
| Q2 | 3,945 | 7,067 |
| Q3 | 4,383 | 8,258 |
| Q4 | 5,192 | 9,530 |
| Total Sales | 16,881 | 31,332 |
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
Study Help