Question: Suppose that a simple exponential smoothing model is used ( with alpha = 0 . 3 0 ) to forecast monthly sandwich sales at

Suppose that a simple exponential smoothing model is used (with \alpha =0.30) to forecast monthly sandwich sales at a local sandwich shop. After Junes demand is observed at 1520 sandwiches, the forecasted demand for July is 1600 sandwiches. At the beginning of July, what would be the forecasted demand for August?
A.
1520
B.
1544
C.
1550
D.
1600

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!