Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0 . 2 and 0 . 5 . Use the
Given the following demand data, compute a simple exponential smoothing forecast for alpha values of and Use the actual value in Period as your starting forecast in Period
Note: Round all answers to two decimal places. Use these rounded answers when computing subsequent answers.
tablePeriodActual Demand
tablePeriodMonthly attendance at financial planning seminars for the past months, and forecasts and errors for those months, are shown in the following table. Determine if the forecast is working by computing a tracking signal, beginning with month updating MAD with exponential smoothing. Use an alpha value of
Note: Round all your calculations to three decimal points.
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