Year Demand Year Forecast 2 3 3 1 2 4 5 6 8 10 9 11 7 14 10 Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place) 7 10 11 12 1 7.0 6 4 5 7 12 6 8 10 13 9 8

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
icon
Related questions
Question

Pls solve this question correctly instantly in 5 min i will give u 3 like for sure

 

 

The following table shows the actual demand observed over the last 11 years:
Year
1
Forecast 7.0
2
10
2
3
6
4
6
7
12
1
4
5
6
8
Year
Demand
8
9
11
7
14
Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).
5
3
12
10
7
8
9
10
9
10
13
11
8
11
D
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years: Year 1 Forecast 7.0 2 10 2 3 6 4 6 7 12 1 4 5 6 8 Year Demand 8 9 11 7 14 Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 5 3 12 10 7 8 9 10 9 10 13 11 8 11 D
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning