Question: Using exponential smoothing, the forecast for September shipments was 233 units. The actual September shipments were 241. Using an alpha(smoothing constant) of 0.2, the forecast

Using exponential smoothing, the forecast for

Using exponential smoothing, the forecast for September shipments was 233 units. The actual September shipments were 241. Using an alpha(smoothing constant) of 0.2, the forecast for October is __ (Round your answer to one decimal place.)

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!

Using exponential smoothing, the forecast for September shipments was 239 units. The actual September shipments were 241. Using an alpha(smoothing constant) of 0.16, the forecast for October is...

Using exponential smoothing, the forecast for September shipments was 341 units. The actual September shipments were 342. Using an alpha(smoothing constant) of 0.26, the forecast for October is...

Using exponential smoothing, the forecast for September shipments was 338 units. The actual September shipments were 336. Using an alpha(smoothing constant) of 0.28, the forecast for October is

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 1 6 5 units and actually sold 1 7 8 units. You currently are using an exponential smoothing forecast with...

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. You culently are using an exponential smoothing forecast with a...

9.Given the following demand history of Philip air fryer (8 marks) Month April May Junc July August September October Demand 4,600 4.950 5.600 8,050 10.750 9.200 7.550 a Using a weighted moving...

Part 1 of 4 Points: 0 of 1 Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Month January February March April May...

The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: a ) The forecasted demand for the week of October 1 2 using a 3 - week moving average =...

The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Part 2 Week Of Pints Used August 3 1 3 4 5 3 4 5 September 7 3 8 9 3 8 9 September 1 4 4 1...

Finish writing the Oven class that represents an oven. This class has the variables, constructors and methods detailed below. You should write code implementing the methods and constructors so they...

Propose a mechanism for methylmalonyl-CoA mutase, the enzyme that converts methylmalonyl-CoA into succinyl-CoA.

Assume you asked your favorite AI learning tool "what are two advantages and disadvantages of making serial gifts?" and the AI tool responded as follows: Serial gifts are gifts that are made in a...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...