Question: For the given data, and using a simple exponential smoothing method, when forecast for year 3 as 5 8 , and alpha of 0 .

For the given data, and using a simple exponential smoothing method, when forecast for year 3 as 58, and alpha of 0.3, Calculate MAPE.
Year Demand
174
290
359
491
5140
698
7110
8123
999

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!