Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

begin{tabular}{|c|c|} hline Paste & B hline Moving Average (4) & Exponential Smoothing (0.4) hline 1.25 & 2 hline 3 & 0.2

image text in transcribedimage text in transcribed

\begin{tabular}{|c|c|} \hline Paste & B \\ \hline Moving Average (4) & Exponential Smoothing (0.4) \\ \hline 1.25 & 2 \\ \hline 3 & 0.2 \\ \hline 4 & 0.12 \\ \hline 4.5 & 2.072 \\ \hline 2 & 1.2432 \\ \hline 0.25 & 2.74592 \\ \hline 0.25 & 3.647552 \\ \hline 2 & 4.1885312 \\ \hline 0.75 & 1.51311872 \\ \hline 3.5 & 0.092128768 \\ \hline 4.25 & 0.944722739 \\ \hline 5.75 & 2.566833644 \\ \hline 3 & 0.540100186 \\ \hline 1.25 & 3.324060112 \\ \hline 1.25 & 3.994436067 \\ \hline 1.5 & 5.39666164 \\ \hline 5.25 & 2.237996984 \\ \hline 6.75 & 1.34279819 \\ \hline 7.5 & 1.805678914 \\ \hline \multirow[t]{8}{*}{8.75} & 2.083407349 \\ \hline & 5.250044409 \\ \hline & 6.150026645 \\ \hline & 6.690015987 \\ \hline & 8.014009592 \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Make forecasts using the exponential smoothing approach with a smoothing constant of 0.4 . What is your forecast error for time period 19? Note: Round your answers to two decimal places. 1.02 1.81 7.66 2.45

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Sustainability and Supply Chain Management

Authors: Jay Heizer, Barry Render, Paul Griffin

2nd Canadian edition

978-0133764345

More Books

Students also viewed these General Management questions