Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual value in Period 1

Given the following demand data, compute a simple
Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period 1 2 4 4 5 6 7 8 9 10 11 Actual Demand 37 39 39 39 36 38 40 37 38 36 34 a=0.3 Forecast Period a=0.5 Forecast 1 2 3 37.00 37.60 38.02 38.31 4 on 6 37.62 37.73 7 8 9 38.41 37.99 38.69 37.88 10 11 12

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!