Answered step by step
Verified Expert Solution
Question
1 Approved Answer
pls sir fast provide the ans The table below shows the demand for construction equipment (excavators) in each of the last fourteen months. (a) Apply
pls sir fast provide the ans
The table below shows the demand for construction equipment (excavators) in each of the last fourteen months. (a) Apply exponential smoothing for smoothing constants of 0.2, 0.4 and 0.8 to derive forecasts for the demand in month 15 (Initial forecast = 180). (b) Which of the above forecasts for month 15 do you prefer and why? What factors, not considered in the above calculations, might influence demand for the crane in month 15? Month 1 2 3 4 5 6 7 Demand 185 190 175 167 178 158 165 Month 8 9 10 11 12 13 14 Demand 155 163 150 145 140 182 188Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started