Question
The Aleidon Middle School forecasts its lunch meals using the exponential smoothing method. The recent results and forecasts have been as follows: Forecast Actual Demand
The Aleidon Middle School forecasts its lunch meals using the exponential smoothing method. The recent results and forecasts have been as follows:
| Forecast | Actual Demand | |
| Day 1 | 315 | 325 |
| Day 2 | 350 | 330 |
a) Determine the smoothing constant. (2 points)
b) Provide the forecast of the lunch meals for Day 3. (2 points)
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Auditing Theory And Practice
Authors: Arun Kumar & Rachana Sharma
1st Edition
8171567207, 978-8171567201
