In Problem 2, use single exponential smoothing with a = 0.2 and compute the exponential smoothing forecasts
Question:
In Problem 2, use single exponential smoothing with a = 0.2 and compute the exponential smoothing forecasts for February through July.
Data From Problem 2:
The historical sales for a certain model of a single serve coffee maker in units is: January, 26; February, 21; March, 20; April, 23; May, 17, and June, 20. Using a 2-month moving average, what is the forecast for July? If July experienced a demand of 15, what is the forecast for August?
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Step by Step Answer:
To calculate the exponential smoothing forecasts using a smoothing parameter alpha of 02 you can fol...View the full answer
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Related Book For 
OM6 operations supply chain management
ISBN: 978-1305664791
6th edition
Authors: David Alan Collier, James R. Evans
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