Historical demand for Peeps is as displayed in the table. Month Demand January 11 February 18 March
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Question:
Historical demand for Peeps is as displayed in the table.
Month | Demand |
January | 11 |
February | 18 |
March | 31 |
April | 39 |
May | 44 |
June | 53 |
July | 67 |
August | 82 |
September | 96 |
Use exponential smoothing to forecast the demand for April. Set F1=11. What is the forecast if α = 0.7?
A. 26.47
B. 17.58
C. 19.32
D. 18.26
Related Book For
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
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