Question: Use exponential smoothing technique. With alpha = 0.1. Assume forecast value for week 1 is same as actual value for week 1. Fill out below
Use exponential smoothing technique. With alpha = 0.1. Assume forecast value for week 1 is same as actual value for week 1. Fill out below table. Show all the work.
| week | demand | forecast |
| 1 | 430 |
|
| 2 | 289 |
|
| 3 | 367 |
|
| 4 | 470 |
|
| 5 | 468 |
|
| 6 | 365 |
|
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
