Demand

Jun $330$

July $460$

Aug $340$

Sep $400$

Exponential smoothing

$1.$ Compute the simple average through June. That is your LO$.$ What is it$?2$

$2538\mathrm{.}333$

$2.$ Calculate the forecast for August and September using alpha at $(0\mathrm{.}1)$

$3.$ Calculate the forecast for October using alpha at $(0\mathrm{.}2)$

$4.$ figure out the following:

use the $5-$month average to guesstimate October's demand. What is the answer?

oct Demand $376$