Question: Using simple exponential smoothing and the following time series data, respond to each of the items. begin { tabular } { | cc |
Using simple exponential smoothing and the following time series data, respond to each of the items.
begintabularcc
hline Period & Demand
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endtabular
Required:
Click here for the Excel Data File
b Compute all possible forecasts using a smoothing coefficient alpha of
Note: Negative amounts should be indicated by a minus sign. Round all your answers to decimal place except "Absolute error" and "Absolute percent error" answers which should be rounded to mathbf decimal places.
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hline Period & Demand & Exponential Smooth & Error & Absolute Error & multicolumnlAbsolute Percent Error
hline & & & & & &
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hline & & & & & &
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hline & & & & & &
hline & & & & & &
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hline & & & & & &
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hline
endtabular c Compute the MAD and MAPE.
Note: Round your answers to decimal places.
d What is the forecast demand for period
Note: Round your answer to decimal place.
Period forecast
e What is the error associated with period s forecast?
Note: Round your answer to mathbf decimal places.
Error associated with the period s forecast
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