Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the forecast for July was 3 , 6 0 0 and the actual demand for July was 3 , 7 0 0 , then

If the forecast for July was 3,600 and the actual demand for July was 3,700, then the exponential smoothing forecast for August using \alpha =0.20 is ________.
Group of answer choices
3,615
3,620
3,610
3,625

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_2

Step: 3

blur-text-image_3

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

The Mckinsey Way

Authors: Ethan Rasiel

1st Edition

0070534489, 978-0070534483

More Books

Students also viewed these General Management questions