14 The following table contains the demand from the last 10 months: a. Calculate the single exponential

Question:

14 The following table contains the demand from the last 10 months:

image text in transcribed

a. Calculate the single exponential smoothing forecast for these data using an a of.30 and an initial forecast (F) of 31.

b. Calculate the exponential smoothing with trend forecast for these data using ana of .30, a 8 of .30, an initial trend forecast (T) of 1, and an initial exponentially smoothed forecast (F) of 30.

c. Calculate the mean absolute deviation (MAD) for each forecast. Which is best?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Operations Management For Competitive Advantage

ISBN: 1572

11th Edition

Authors: Richard B. Chase, F. Robert Jacobs

Question Posted: