Question: Please assist with part C-1 Problem 3-7 (Static) The following table contains the demand from the last 10 months: MONTH ACTUAL DEMAND 31 34 33

Please assist with part C-1
Please assist with part C-1 Problem 3-7 (Static)
Please assist with part C-1 Problem 3-7 (Static)
Please assist with part C-1 Problem 3-7 (Static)
Please assist with part C-1 Problem 3-7 (Static)
Problem 3-7 (Static) The following table contains the demand from the last 10 months: MONTH ACTUAL DEMAND 31 34 33 NOUAWNE 35 37 36 38 40 40 41 10 a. Calculate the single exponential smoothing forecast for these data using an a of 0.30 and an initial forecast (F3 of 31 (Round your intermediate calculations and answers to 2 decimal places.) Month 1 2 3 4 Exponential Smoothing 31.00 31.00 31.90 32.23 33.06 34 24 34.77 35 74 37.02 37.91 5 6 7 8 9 10 Check b. Calculate the exponential smoothing with trend forecast for these data using on a of 0 30. a 6 of 0 30 an initial trend forecastity of 1, and an initial exponentially smoothed forecast (Fof 30. (Round your intermediate calculations and answers to 2 decimal places.) Month FITE 1 2 3 on 5 6 7 31.00 32.00 33.80 34.70 35 90 3750 38.10 39.20 10.60 41.50 9 10 c-1. Calculate the mean absolute deviation (MAD) for the last nine months of forecasts. (Round your intermediate calculations and answers to 2 decimal places.) Single exponential smoothing forecast Exponential smoothing with trend forecast

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!