Question: Exponential smoothing: a moving average with weights following an exponential distribution New forecast = Last period's forecast + (Last period's demand Last period's forecast) Ft=Ft1+(At1Ft1)
Exponential smoothing: a moving average with weights following an exponential distribution New forecast = Last period's forecast + (Last period's demand Last period's forecast) Ft=Ft1+(At1Ft1) An introductory data visualization workshop was repeated daily at a conference. The attendanc recorded is shown in Table 1. Table 1. Data Visualization Workshop Attendance Using Table 1, =0.7, and a day 3 forecast of 35 , calculate the exponential smoothing forecast for day 4 and enter the correct whole number: Next, calculate the exponential smoothing forecast for day 5 and enter the correct whole number
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