Question
See actual and forecasted values below Time Period Actual Forecast Q1 1829 2021 Q2 1712 1655 Q3 1695 1725 Q4 ? 1a. Use simple exponential
See actual and forecasted values below
| Time Period | Actual | Forecast |
| Q1 | 1829 | 2021 |
| Q2 | 1712 | 1655 |
| Q3 | 1695 | 1725 |
| Q4 | ? |
1a. Use simple exponential smoothing with smoothing parameter as 0.1 (=0.1) to forecast the demand for the Q4
1b. Assume the actual demand for Q4 is 1813. Compute the mean absolute error [MAE] for the entirety of this time series after Q4 forecast
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Matching Supply with Demand An Introduction to Operations Management
Authors: Gerard Cachon, Christian Terwiesch
3rd edition
73525200, 978-0073525204
