Question: Muhammad has used Exponential Smoothing (ES) with smoothing parameter = 0.15 for the time series below. Unfortunately, due to a printing error, all but one
Muhammad has used Exponential Smoothing (ES) with smoothing parameter = 0.15 for the time series below. Unfortunately, due to a printing error, all but one of his forecasts are missing from the table. You may assume that Muhammads forecast for week 5 is correct. Re-calculate Muhammads forecasts (using ES( = 0.15)) for weeks 3, 4, 6, 7 and 8 and briefly explain your approach.
| Week | 3 | 4 | 5 | 6 | 7 | 8 | ||||
| Demand | 85 | 100 | 110 | 90 | 85 | |||||
| Forecast | ? | ? | 105 | ? | ? | ? |
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