A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its
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A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January. The estimate of trend through November has been 150 additional boards sold per month. Average sales have been around 1100 units per month. The demand for December was 1250 units. The company uses α = 0.25 and β = 0.10. Make a forecast including trend for the month of January.
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Related Book For
Operations Management An Integrated Approach
ISBN: 9781119497387
7th Edition
Authors: R. Dan Reid, Nada R. Sanders
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