Question: The demand for freight car rentals are below. Use Exponential Smoothing with a Month one Forecast of 30 and an Alpha of .3. Calculate the

The demand for freight car rentals are below. Use Exponential Smoothing with a Month one Forecast of 30 and an Alpha of .3. Calculate the forecast for month 2. Round your answer to ONE decimal place.

Month

Demand

EXP SM.

1

35

30

2

Step by Step Solution

3.47 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To calculate the forecast for month 2 using exponential smoothing with a month one forecast of ... View full answer

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!