Question: In exponential smoothing, the smoothing constant, alpha, O O reflects the weight given the first period data reflects the weight given the most recent data

In exponential smoothing, the smoothing constant,

In exponential smoothing, the smoothing constant, alpha, O O reflects the weight given the first period data reflects the weight given the most recent data O O is a weight that reflects a trend in the demand data is between 0.0 and 0.5 In an adjusted exponential smoothing forecast, beta, is a weighting factor that O reflects changes in trend O reflects the weight given the most recent demand data O is between 0.0 and 0.5 O reflects demand cycles If the sum of demands for 8 time periods is 420 and the sum of the forecasts for the same periods is 500, MAD is 10.0 O 0.8 -8.0 0 -10.0 If the sum of demands for 8 time periods is 420 and the sum of the forecasts for the same periods is 500, MAPD is 19% 16% 84% O 36%

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