Question: The missing values in the following table must be recalculated from the remaining data. Exponential smoothing constant of 0.15 is used for both the forecast

The missing values in the following table must be recalculated from the remaining data. Exponential smoothing constant of 0.15 is used for both the forecast and updated MAD. NOTE: All forecast, error, MAD, and TS values should be rounded to the nearest hundredth (two decimal after dot, for example 99.99) Period Actual Forecast Error MADt TSt 0 15.00 1 160.00 150.00 10.00 Blank 1 0.70 2 155.00 151.50 3.50 12.64 Blank 2 3 165.00 Blank 3 Blank 4 Blank 5 Blank 6 Based on -/+ 3.00 action limits, is the forecasting process under control? (Enter "YES" or "NO") Blank 7

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