Question: Using Exponential Smoothing Forecasting, calculate the forecast for period 5 assuming the forecast for period 4 is 5 0 0 0 , actual demand for

Using Exponential Smoothing Forecasting, calculate the forecast for period 5 assuming the forecast for period 4 is 5000, actual demand for period 4 is 4000 and the smoothing constant (a) is 0.55
4410
B 4490
4450
D 4460

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:

a) Develop a 4-year moving average to forecast registrations from year 5 to year 12. (8 pes) b) Estimate demand again for years 5 to 12 within a 4-year weighted moving average in which registrations...

Q:

If a factory has 45 hours/week shifts, an hourly wage of $ 25, overhead cost 2 times the weekly labor cost and material cost $12/kg. Calculate the multifactor productivity measure for the following...

Q:

Beau's department at a local department store has tracked the sales of a product over the last ten weeks. Period 1 2 3 4. 5 6 7 8 9 10 Demand 24 23 26 36 26 30 32 26 25 28 a)Develop a 3-month moving...

Q:

2. Data collected on the yearly registration for a Six Sigma seminar at the Quality College are shown in the following table: Year 1 2 3 4 5 6 7 8 Registrations (000) 4 6 4 5 10 8 7 9 12 14 15 9 10...

Q:

Data collected on the yearly registration for a Six Sigma seminar at the Quality College are shown in the following table: Year Registrations (000) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15...

Q:

Data collected on the yearly registration for a Six Sigma seminar at the Quality College are shown in the following table: Year Registrations (000) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15...

Q:

2. Data collected on the yearly registration for a Six Sigma seminar at the Quality College ate shown in the following table: a) Develop a 4 year moving average to forecast iegistrations from year 5...

Q:

Please kindly answer the questions in alphabetical order. Thanks! 2. Data collected on the yearly registration for a Six Sigma seminar at the Quality College ate shown in the following table: a)...

Q:

Please kindly answer the questions in alphabetical order. Thanks! 2. Data collected on the yearly registration for a Six Sigma seminar at the Quality College ate shown in the following table: a)...

Q:

2. Data collected on the yearly registration for a Six Sigma seminar at the Quality College ate shown in the following table: a) Develop a 4 year moving average to forecast iegistrations from year 5...

Q:

Solo Limited makes and sells a single product. The following data relate to periods 1 to 4 Normal activity is 500 units and production and sales for the four periods are as follows: There were no...

Q:

1. Analogical Arguments An analogical argument draws a conclusion based upon comparison of similar particular instances. These arguments begin by recognizing that one entity shares some number of...

Q:

Erving, who is single, lived in New York, NY and owned his principal residence, which had a basis of $ 2 7 6 , 0 0 0 . He purchased this home on May 2 3 , 2 0 2 3 . Erving, was transferred to...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...