Question: Part (b) While making a forecast using the exponential smoothening method, Talat used a value of = 0.05 both for a new music album, and

Part (b)

While making a forecast using the exponential smoothening method, Talat used a value of = 0.05 both for a new music album, and for tea. Did the selection of value picked was right.

i. Most recent forecast (Ft-1) ii. The actual demand (At-1) iii. Smoothening constant (a) F, = F,_, +a(A,_1-F-)

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