Question: You are using exponential smoothing to forecast demand. For September, suppose you forecasted 1 6 5 units and actually sold 1 7 8 units. You

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. You currently are using an exponential smoothing forecast with a smoothing constant of 0.2. For this situation, increasing the alpha value would have what effect on the October forecast?
The forecast would decrease
The forecast will remain constant
The answer cannot be determined from the available information
The forecast would increase
You are using exponential smoothing to forecast demand. For September, suppose

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:

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 1 6 5 units and actually sold 1 7 8 units. You currently are using an exponential smoothing forecast with...

Q:

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. You culently are using an exponential smoothing forecast with a...

Q:

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. you use an alpha value of 0.2, what will be the exponential...

Q:

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. If you use an alpha value of 0.2, what will be the exponential...

Q:

you are using exponential smoothing to forecast demand. For September, suppose you forecasted 1 6 5 units and actually solf 1 7 8 units. If you use an alpha value of 0 . 2 , what will be the...

Q:

QUESTION 1: QUESTION 2: QUESTION 3: QUESTION 4: Hom... Question 2, Problem 4.3a Part 2 of 2 HW Score: 13.39%, 0.67 of 5 points Points: 0.14 of 1 Save The following table shows the actual demand...

Q:

The following table shows the actual demand observed over the last 11 years: 1 2 3 4 5 6 8 9 10 7 9 5 10 13 7 12 9 7 Year 7 11 Demand 12 11 Using exponential smoothing with a = 0.40 and a forecast...

Q:

2. (Please list the explanations for each question in 1,2,3 format corresponding with the numbers I listed each photo with. Thank You) 3. 4. 5. 6. 7. The following table shows the actual demand...

Q:

Homework: Homework 1: Forecasting Save Score: 0.25 of 1 pt 2 of 8 (2 complete) HW Score: 15.63%, 1.25 of 8 pts 7x Problem 4.3 Brief Question Help The following table shows the actual demand observed...

Q:

complete) HW Score: 13. Problem 4.1 The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: E QU Week Of Pints Used August 31 360 September 7 370...

Q:

Holt Renfrew (a chain of high service department stores) and Price/Costco (a chain of warehouse clubs) target different groups of customers. Which should have the higher asset turnover, net profit...

Q:

1. What type of property was at the center of the dispute in this case? How did that property become involved in the dispute? 2. On what ground did the plaintiffs argue that the bank should not have...

Q:

7. It is given that f(x) = 2x + 3 and g(x) = ax + b.

Q:

Randall Company is a merchandising company that sells a single product. The company's inventories, production, and sales in units for the next three months have been forecasted as follows: Units are...