Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Florida Company was flooded by a Hurricane and somehow lost part of their forecasting data. The missing values in the following table must be

The Florida Company was flooded by a Hurricane and somehow lost part of their forecasting data. The missing values in the following table must be recalculated from the remaining data. Exponential smoothing constant of 0.20 is used for both the forecast and updated MAD.

NOTE: All forecast, error, MAD, and TS values should be rounded to the nearest hundredth (two decimal after dot, for example 99.99)

Period

Actual

Forecast

Error

MADt

TSt

0

13.00

1

160.00

150.00

10.00

Blank 1

0.81

2

155.00

152.00

3.00

10.52

Blank 2

3

165.00

Blank 3

Blank 4

Blank 5

Blank 6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management A Competitive Advantage Approach, Concepts

Authors: Fred R. David

14th edition

132664232, 978-8120348851, 8120348850, 978-0132666213, 132666219, Google, 978-0132664233

More Books

Students also viewed these General Management questions

Question

If we define s = MSE, of which parameter is s an estimate?

Answered: 1 week ago

Question

Calculate the largest poverty percentage rate in cell J 1 7 . 1 0

Answered: 1 week ago