Question: Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 4 2 5

Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 425 units and the smoothing constant was 0.20?
Note: Round your answer to the nearest whole number. Actual demand for a product for the past three months was:
Three months ago 375 units
Two months ago 325 units
Last month 335 units

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:

Actual demand for a product for the past three months was Three months ago Two months ago Last month 392 units 342 units 310 units c. Using simple exponential smoothing, what would your forecast be...

Q:

Actual demand for a product for the past three months was Three months ago Two months ago Last month 375 units 325 units 335 units Using simple exponential smoothing, what would your forecast be for...

Q:

Actual demand for a product for the past three months was: Three months ago 3 4 5 units Two months ago 2 9 5 units Last month 3 2 5 units Using simple exponential smoothing, what would your forecast...

Q:

Actual demand for a product for the past three months was: Three months ago 4 0 0 units Two months ago 3 5 0 units Last month 3 2 5 units Using simple exponential smoothing, what would your forecast...

Q:

Three months ago 4 0 4 units Two months ago 3 5 5 units Last month 3 2 6 units Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast...

Q:

Three months ago 400 units Two Months ago 350 units Last Month 325 units. c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for...

Q:

The Model T Car company has recorded actual demand for their automobiles for the past three months was: 3 months ago - 4 0 0 units, 2 months ago - 3 5 0 units, last month - 3 2 5 . Using simple...

Q:

Three months ago 4 1 6 units Two Months Ago 3 6 0 Units Last Month 3 0 0 units Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast...

Q:

Three months ago 4 1 6 units Two Months Ago 3 6 0 Units Last Month 3 0 0 units Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast...

Q:

c . Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 4 4 0 units and the smoothing constant was 0 . 2 0 ?...

Q:

Meta minerals... a...refers to the three metamorphic mica minerals that are common in the phyllites and the schists, two you are familiar with from Igneous Bowen, the third asked about here is unique...

Q:

If δ is defined on [0, 2] by δ(t) := 1/2 |t - 1| for x 1 and δ(1) := 0.01, show that every δ-fine partition of [0, 2] has t = 1 as a tag for at...

Q:

3 . John owns a property that he occasionally rents out. In the current year, john rented out the property for 1 0 days. According to IRS rules governing rental property income and expense, how...

Q:

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...