The US monthly inflation rate for 2016 is shown below: a. Compute the inflation rate for January

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The US monthly inflation rate for 2016 is shown below:

Inflation Month Month Inflation 0.8 January 1.4 July February 1.0 August 1.1 March September 0.9 1.5 April 1.1 October 1

a. Compute the inflation rate for January 2017 using the exponential smoothing forecast using α = 0.3 and 0.5. Assume that the forecast for February is 1.

b. What is the MAD for the forecasts generated using exponential smoothing method?

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Principles of Supply Chain Management A Balanced Approach

ISBN: 978-1337406499

5th edition

Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong

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