Question: Week 1 = 1 0 0 0 Week 2 = 1 2 0 0 Week 3 = 1 4 0 0 Week 4 = Predict

Week 1=1000
Week 2=1200
Week 3=1400
Week 4= Predict using the Exponential Smoothing Forecast (Smoothing Constant Alpha =0.5
Exponential Smoothing
Ft+1=Dt+(1-)Ft
where:
Fi+1= forecast for time period t+1(i.e, the now forecast)
F1= forecast for time period t(i.e., the current forecast)
D1= actual value for time period t
= smoothing constant used to weight D1 and )a(1
1262.5
2100.0
1500.0
2162.5
1600.0
 Week 1=1000 Week 2=1200 Week 3=1400 Week 4= Predict using the

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!