Question: Using information from the discussions on forecasting techniques, develop a basic exponential smoothing model to forecast customer demands of your product for the next six
Using information from the discussions on forecasting techniques, develop a basic exponential smoothing model to forecast customer demands of your product for the next six months using a trend smoothing constant of 0.2. The recorded data for the products past monthly orders are 700, 850, 800, 950, 1250, and 1350. You must show all your work.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
