Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exponential smoothing forecast Smoothing constant: 0.8 (iii) Enter appropriate formulae in the shaded cells to calculate an exponential smoothing forecast for week 9 demand.

Exponential smoothing forecast Smoothing constant: 0.8 (iii) Enter appropriate formulae in the shaded cells 

Exponential smoothing forecast Smoothing constant: 0.8 (iii) Enter appropriate formulae in the shaded cells to calculate an exponential smoothing forecast for week 9 demand. You should use the smoothing constant specified above and week one demand as the starting forecast for week two. (iv) Use the forecasts from weeks 4 to 8 to calculate the MAPE. Week 1 2 3 4 5 6 7 8 Starting forecast 45 Demand (00s) 45 40 38 31 43 31 42 46 Error Forecast for next week MAPE: Absolute percentag e error Exponential smoothing forecast Smoothing constant: 0.8 (iii) Enter appropriate formulae in the shaded cells to calculate an exponential smoothing forecast for week 9 demand. You should use the smoothing constant specified above and week one demand as the starting forecast for week two. (iv) Use the forecasts from weeks 4 to 8 to calculate the MAPE. Week 1 2 3 4 5 6 7 8 Starting forecast 45 Demand (00s) 45 40 38 31 43 31 42 46 Error Forecast for next week MAPE: Absolute percentag e error

Step by Step Solution

3.48 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

It looks like youre attempting to use exponential smoothing to forecast demand for a product or serv... 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

Introduction to Operations and Supply Chain Management

Authors: Cecil B. Bozarth, Robert B. Handfield

3rd edition

132747324, 978-0132747325

More Books

Students also viewed these General Management questions