Question: Given the following data, use exponential smoothing ( alpha = . 3 7 ) to develop a demand forecast. Assume the forecast for the initial

Given the following data, use exponential smoothing (alpha =.37) to develop a demand forecast. Assume the forecast for the initial period is 20
Period 12345678
Demand 2325171920162224
a. What is the forecast for the 9th period
[ Select ]
b. What is the MAD?
[ Select ]
c. If a change occurred and if you are now only evaluating from Period 5 onward, with Period 5's forecast as 23, what is the new forecast for Period 9?
[ Select ]
, and the MAD?
[ Select ]

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!