Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Month Demand Jan 291 Feb 216 Mar 216 Apr 171 May 261 Jun 201 Jul 276 Aug 276 Sep 306 Oct 186 Nov 231 The

Month Demand
Jan 291
Feb 216
Mar 216
Apr 171
May 261
Jun 201
Jul 276
Aug 276
Sep 306
Oct 186
Nov 231

The forecast for the month of November was higher than the actual demand and the forecast for the month of December (using exponential smoothing) is exactly equal to the actual demand of November. What smoothing constant can justify this behaviour?

1

b.Unsufficient information

c.0.25

d.0

e.0.5

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

Managing Information Technology

Authors: Carol Brown, Daniel DeHayes, Jeffrey Hoffer, Wainright Marti

7th Edition

132146320, 978-0132146326

More Books

Students also viewed these General Management questions