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
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
