Question: P e r i o d A c t u a l V a l u e Q u a r t e r 1
Use the attached Excel file with the quarterly demand in s of cases for a national beer distributor over the past years
Generate a forecast using Exponential smoothing, using alpha Assume forecast for Quarter t was ie Fpts
a What is the forecast for Quarter t
b Find the MAD based on periods through t What is the MAD?
c Use nonlinear programming to find the alpha that minimizes MAD.
i What is the alpha
ii What is the MAD?
iii. What is the forecast for Quarter t using this alpha
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