Question: In a forecast by exponential smoothing, you start from an initial forecast, which is 8, and then receive a new observation, which is 12. Correspond-

In a forecast by exponential smoothing, you start

In a forecast by exponential smoothing, you start from an initial forecast, which is 8, and then receive a new observation, which is 12. Correspond- ingly, the next forecast is revised to 9. Question: (5 points) what is the value of a. A forecast is made by two independent exponential smoothing methods. Both methods start from the same initial forecast, which is 5. Then the first observed data is received and used to update the forecast for the second period by the two methods. One method uses a = 0.6 and the other uses a = 0.1. Question: (5 points) if both methods give the same forecast for the second period, what is the value of the observed data

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!