Question: I need help step by step with question d! 1. Given the following actual data and forecast using single exponential smoothing with a=0.4. Year Forecast

I need help step by step with question d! 1.I need help step by step with question d!

1. Given the following actual data and forecast using single exponential smoothing with a=0.4. Year Forecast Actual Demand 3100 3300 3450 3800 3850 3950 4080 3100 3100 3180 3288 3493 3636 a. What is the two-year simple moving average forecast for year 8? b. What is the weighted moving average forecast for year 8 with weights of 0.5, 0.3, and 0.2? c. What is the forecast for year 8 using single exponential smoothing with a=0.4? d. What weight did the actual demand for period 6 receive in computing the forecast for period 8

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!