What happens to the exponential smoothing forecast when 0 When 1 Would you ever want to use either of these forecasts Explain ...

What happens to the exponential smoothing forecast when = 0? When = 1? Would you

Question:

What happens to the exponential smoothing forecast when α = 0? When α = 1? Would you ever want to use either of these forecasts? Explain.

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

Step by Step Answer:

Related Book For book-img-for-question

Operations Management A Supply Chain Process Approach

ISBN: 978-1483383064

1st edition

Authors: Joel D. Wisner

See More Books

Question Posted: May 29, 2018 07:33 AM

See More Questions

Which is the best method to use for the following dataa three-period weighed moving average forecast with weights of (0.5, 0.3, 0.2) or an exponential smoothing forecast with an = 0.25 (compare the...
The US monthly inflation rate for 2016 is shown below: a. Compute the inflation rate for January 2017 using the exponential smoothing forecast using Î± = 0.3 and 0.5. Assume that the...
The Fieldale Dairy produces cheese, which it sells to supermarkets and food processing companies. Because of concerns about cholesterol and fat in cheese, the company has seen demand for its products...
John dies on 3 March 2021. Between 6 April 2020 and 3 March 2021, he has capital gains of 1,200 and capital losses of 15,400. His net gains in recent tax years (and the annual exemption for each...
A medical clinic performs three types of medical tests that use the same machines. Tests A, B, and C take 15 minutes, 30 minutes, and 1 hour, respectively, with respective profits of $150, $250, and...
Calculate the number of moles of Cl ions in 1.75 L of 1.0 10 3 M AlCl 3 .
Using the same row and column headings as the tables above, create a combined table for Congress.
The income statement accounts for the Monroe Realty Company at the end of its fiscal year are shown below. Prepare the required closing entries in journal form. Chris Ross is theowner. Account Name...
Cucina Corporation signed a new installment note on January 1, 2021, and deposited the proceeds of $54,300 in its bank account. The note has a 3-year term, compounds 5 percent interest annually, and...
After a series of large project disasters, what country is requiring people to complete a new academic program in project management before leading a large government project? a. Australia b. U.K. c....
Describe the role that random variations play in time series forecasting. Can you guard against random variations?
What is the difference between a linear trend forecast and a simple linear regression forecast?
Suggest how the cations in each of the following solution mixtures can be separated: (a) Na+ and, Cd2+ (b) Cd2+ and, Mg2+ (c) Pb2+andAI3+ , (d) Ag+ andHg2+ .
1 Evaluate the given limits using the 10. f(x) = (x-3)(x-5) (a) lim f(x) X-3 (b) lim f(x) x-3+ (c) lim f(x) X-3 graph of the function (d) lim f(x) x+5= (e) lim f(x) x+5+ (f) lim f(x) X-5 50 y -50 2 6...
In Year 1 , Stallman Co . had a break - even point of 8 0 , 0 0 0 units, a selling price of $ 1 9 per unit, and fixed costs of $ 2 0 0 , 0 0 0 . What is Stallman Co . s variable cost per unit? (...
What will be the output of following statements: int a = 3; if(a!= 3){ cout
28. What will this program print, assuming dynamic scoping? (10 points) Consider the following code snippet for problems #29-31. For this problem, assume dynamic scoping. program main() 1. 2. { 3. 4....
The reaction X + Y products was studied using the method of initial rates. The initial rate of consumption of X was measured in three different experiments. Data are provided below. Expt [X] 0 (in...
Use the inner product axioms and other results of this section to verify the statements in. ||u + v|| 2 + ||u v|| 2 = 2 ||u|| 2 + 2||v|| 2 .
When an electric field is applied to a shallow bath of vegetable oil, why do tiny bits of thread floating in the oil align with the field like compasses in a magnetic field?
List the benefits of e-procurement.
Briefly discuss the three basic types of purchase orders.
What are the two basic types of supply contracts, and what is the difference between them?
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
Brief Exercise 10-6 Flint Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $327,600. The estimated fair values of the assets are land $62,400, building...
"faithful respresentation" is the overriding principle that should be followed in ones prepaparation of IFRS-based financial statement. what is it? explain it fully quoting IAS. how this this...

What happens to the exponential smoothing forecast when = 0? When = 1? Would you

Question:

Step by Step Answer:

When 0 the fore...View the full answer

Operations Management A Supply Chain Process Approach

Students also viewed these Business questions