Question: Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the
Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the excel sheet. F=F+(AF) Ft+1= Forecast value for time t+I At= Actual value at time t = Smoothing constant Considering the smoothing constant =0.6, Initial forecast =96,000 Find out: a) Using nave method, what will be the forecasted sale for the month of June? b) Using Simple exponential method, what will be the forecasted sale for the month of June? Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the excel sheet. F=F+(AF) Ft+1= Forecast value for time t+I At= Actual value at time t = Smoothing constant Considering the smoothing constant =0.6, Initial forecast =96,000 Find out: a) Using nave method, what will be the forecasted sale for the month of June? b) Using Simple exponential method, what will be the forecasted sale for the month of June
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