Question: The forecast for week 2 is 5 . 4 . The actual sales for week 2 is 6 . What is the simple exponential smoothing

The forecast for week 2 is 5.4. The actual sales for week 2 is 6. What is the simple exponential smoothing forecast for week 3 using a alpha of 0.6?

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!

Q:

Unlike Softdrink sales, you have no data for 2008, Q1 through Q4. You must create those 4 quarters of forecast. MAE MAPE Time 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quarter 2004 Q1 2004...

Q:

Which of the following is not an input to the aggregate planning process? a. Resources b. Master production schedule c. Cost information d. Demand forecast e. Policies on work force changes Clear my...

Q:

. Demand planning is the same as forecasting. 2. All forecasts should include two estimates: an estimate of the demand and an estimate of the forecasting error. 3. Forecasts are more accurate at the...

Q:

A regional limousine service examined their routes for the past 15 weeks. The data provides a record of the total miles drive in each week. a) Compute the forecasts using the four-period moving...

Q:

Tarheels R Us would also like to explore a more sophisticated forecasting method. They want you to consider exponential smoothing. a . If you were to use simple exponential smoothing with \ alpha...

Q:

The forecast for week 3 is 5 .55. The actual sales tor week 3 is 6. What is the simple exponential smoothing forecast for week 4 using a alpha of 0.72

Q:

Analytics Exercise 18-1 (Algo) Starbucks has a large, global supply chain that must efficiently supply over 17,000 stores. Although the stores might appear to be very similar, they are actually very...

Q:

K The following table shows the actual demand observed over the last 11 years: Year Demand Year Forecast 1 7 1 6.0 2 10 2 3 5 3 4 10 4 5 12 5 Using exponential smoothing with a = 0.40 and a forecast...

Q:

17.5 poin 540 800 You have the following information. Answer the following two questions using it. Period 2 3 4 5 Actual 500 Sales 620 690 Using simple exponential smoothing and an alpha of 0.5, what...

Q:

Suppose that I have the following stock prices for the last seven days. Calculate 3 Day Moving Average in the first table below. What is the Average Error and Mean Absolute Deviation for 3 Day Moving...

Q:

Lessee Company is planning to lease a building from Lessor Company. The terms are as follows: Lease term = 20 years Semi-annual lease payments = $1,070,000 (beginning with the inception of the...

Q:

Question 2 The Hot Dawg Company (HDC) must determine the quantities of beef, chicken, and lamb to use in blending 100 pounds of its Super Sausage. In blending the Super Sausage, HDC must meet the...

Q:

Asa mistakenly pays property taxes that should have been assessed against Bud. Asa can recover the amount from Bud in quasi contractGroup of answer choiceseven if Bud was not aware of the error.only...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...