Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period Actual Demand 1. 34 2 35 34 4. 36 37 37 38 35 9. 10 36 33 30 11 Answer is complete but not entirely correct. a= 0.3 a = 0,5 Period Forecast Forecast 59.00 8 59.00 0 59.00 O 3 51.50 O 4 46.55 55.25 O Answer is complete but not entirely correct. a = 0.3 a = 0.5 Period Forecast Forecast 59.00 8 51.50 8 59.00 X 3 59.00 X 4. 46.55 X 55.25 X 42.78 X 50.90 X 40.75 X 46.84 X 39.62 X 43.79 X 41.71 8 40.27 X 8 38.84 38.58 X 10 37.51 39.43 X 11 37.06 X 38.47 X 12 35.84 X 37.76 X 2.
Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period Actual Demand 1. 34 2 35 34 4. 36 37 37 38 35 9. 10 36 33 30 11 Answer is complete but not entirely correct. a= 0.3 a = 0,5 Period Forecast Forecast 59.00 8 59.00 0 59.00 O 3 51.50 O 4 46.55 55.25 O Answer is complete but not entirely correct. a = 0.3 a = 0.5 Period Forecast Forecast 59.00 8 51.50 8 59.00 X 3 59.00 X 4. 46.55 X 55.25 X 42.78 X 50.90 X 40.75 X 46.84 X 39.62 X 43.79 X 41.71 8 40.27 X 8 38.84 38.58 X 10 37.51 39.43 X 11 37.06 X 38.47 X 12 35.84 X 37.76 X 2.
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 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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