t

Actual Demand

Forecast Demand

$50\mathrm{.}0$

$50\mathrm{.}00$

$2$

$45\mathrm{.}0$

$50\mathrm{.}00$

$58\mathrm{.}0$

$48\mathrm{.}50$

$4$

$45\mathrm{.}0$

$51\mathrm{.}35$

$?$

Question $8$ of $22$

This test: $100$ points$)$ possible

This question: $6$ points$)$ possible

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Consider the following actual $($A$,)$ and forecast $($F$,)$ demand levels for a commercial multiline telephone at Office Max:

The first forecast, F$,,$ was derived by observing A$,$ and setting F$,$ equal to A$,.$ Subsequent forecasts were derived by exponential smoothing.

The smoothing constant $($a$)$ used to derive the subsequent forecasts $=$ relationship for period $3$ or $4.)$

Using exponential smoothing, the forecasted demand for period $5$ using the smoothing constant determined above $=$ decimal place$).$

$($round your response to two decimal places$).($Hint: To determine a$,$ use either the

$($round your response to one

Time Remaining: $01$:$29$:$20$

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