Question: Ho Forecasting: 5. Exponential Smoothing A firm uses simple exponential smoothing with a=0.1 to forecast demand. The forecast for the week of January 1 was

Ho Forecasting: 5. Exponential Smoothing A firm

Ho Forecasting: 5. Exponential Smoothing A firm uses simple exponential smoothing with a=0.1 to forecast demand. The forecast for the week of January 1 was 500 units whereas the actual demand turned out to be 450 units. Calculate the demand forecast for the week of January 8. F = F-1 ta(Ar-1-F:-1) a 0.1 500 450 Fjan1 Ajan1 Fjang Suppose Ajans Fjan15 475

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