Question: Using the following data and exponential smoothing technique to calculate the forecasted demand for Feb 2018. Assume that the predicted demand in January is 100

Using the following data and exponential smoothing technique to calculate the forecasted demand for Feb 2018. Assume that the predicted demand in January is 100 and alpha is 0.5

Period Demand

Exponential

Smoothing

October 50
November 59
December 90
2018 January 111 100
February 123 ?
March 99

Group of answer choices

123.5

78.5

105.5

99.5

95.5

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!