Question
Refer to Exhibit 8-2. What is the forecast for March found by the exponential smoothing method with a smoothing constant of 0.3? A. 41.5 B.
Refer to Exhibit 8-2. What is the forecast for March found by the exponential smoothing method with a smoothing constant of 0.3?
A. | 41.5 |
B. | 42.8 |
C. | 39.5 |
D. | 40 |
Refer to Exhibit 8-2. What is the absolute percentage error of the forecast for March found by the exponential smoothing method with a smoothing constant of 0.3?
A. | 2.5% |
B. | -19% |
C. | 17% |
D. | 18% |
Exhibit 8-2.The past demand data shown below can be regarded as having a horizontal pattern.
Month | Demand |
January | 40 |
February | 45 |
March | 50 |
April | 37 |
Need to know how to solve the 2 problems above. I think I got it right but want to verify my answers
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