Question: Forecasting Method: (Simple) Exponential Smoothing with a=0.3. Using this method, please forecast weekly auto sales from week 5 to 8. Week Demand(D) Average(A) Forecast(F) 1

Forecasting Method: (Simple) Exponential Smoothing with a=0.3. Using this method, please forecast weekly auto sales from week 5 to 8.

Week Demand(D) Average(A) Forecast(F)

1 100 A1=(0.3)100+(1-0.3)110+107 F1=110

2 150 A2=(0.3)150+(1-0.3)107=119.90 F2=107

3 130 A3=(0.3)130+(1-0.3)119.90=122.93 F3=119.90

4 140 A4=(0.3)140+(1-0.3)122.93=128.05 F4=122.93

5 120 F5=128.05

6 110

7 100

8

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!

Q:

Forecasting method: Weighted moving average with N=3. Using this method, please forecast weekly auto sales from week 6 to 8. Week Demand (D) Average(A) Forecast (F) 1 100 2 150 3 130 A 3 =0.5...

Q:

Forecasting Method: (simple) Exponential Smoothing with a=0.3. First, fill in the forecasts for weeks 6 and 7, then calculate forecast error for week 4 to 7. Week Demand(D) Average (A) Forecast (F)...

Q:

Below are the actual demands for an item for a six-month period (January through June). Your supervisor wants you to test four forecasting methods. Answer questions 1-5 by referencing the following...

Q:

1. A manager has been using a certain technique to forecast demand for project management software at her store. Actual demand and her corresponding predictions are shown below: Month Actual Demand...

Q:

I have questions on "Chapter 17 Time Series Analysis and Forecasting. The questions is in the attachment; that are problem number 29 and 30 (it is on last three pages, not the multiple choice...

Q:

I have questions on "Chapter 17 Time Series Analysis and Forecasting. The questions is in the attachment; that are problem number 29 and 30 (it is on last three pages, not the multiple choice...

Q:

NOTE** READ THE CASE AND FOLLOW ALL INSTRUCTIONS STEP BY STEP. CALCULATION ON EXCEL VERY IMPORTANT. Above is the case, now follows the questions. EXCEL file and well explained work important. THE...

Q:

Typed answers only please 2.73 points References PA 15-1 (Static) Two servers in a restaurant predict how many guests... Two servers in a restaurant predict how many guests will come for dinner in...

Q:

can you answer the questions down below, its 8 questions that follow each other 1. Consider monthly demand for the ABC Corporation, as shown in Table 7.3. Forecast the monthly demand for Year 6 MAD,...

Q:

This assignment provides you with the opportunity to synthesize and apply what you have learned in chapters 3 through 5. It consists of 3 questions and multiple sub-questions for a total of 100...

Q:

James Strong is a managing director of ABC Pty Ltd, a large private Company that specializes in accounting services. For the current income year, James has the following receipts and expenses: a)....

Q:

Find the perimeter and area of the polygon with the given vertices. Round your answers to the nearest tenth, if necessary. E(6,-2), F(6, 5), G(-1, 5)

Q:

Kathleen has a $ 7 4 0 loan payment due in five months. What amounts of money should she be able to pay today if the interest on her loan is 5 . 7 5 % per annum?

Q:

Create a C# application named SalesTransactionDemo that declares several SalesTransaction objects and displays their values and their sum. The SalesTransaction class contains the following fields:...