In the table below there is data for demand of 19 periods. Using the forecasting method...

Question

Question

math Statistics-And-Probability

Answer 1

Answer #1

1)

for exponential smoothing: next period forecast =α*last period actual+(1-α)*last period forecast

F21=67.4*0.4+65.8*0.6 =66.4

2)

F9=65*0.6+68.5*0.3+71.5*0.1 =66.7

Answer 2

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