Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table contains the demand from the last 10 months MONTH 1 2 3 rices ACTUAL DOWN 31 34 33 35 37 36 30

image text in transcribed
image text in transcribed
image text in transcribed
The following table contains the demand from the last 10 months MONTH 1 2 3 rices ACTUAL DOWN 31 34 33 35 37 36 30 40 40 41 9 10 a. Calculate the single exponential smoothing forecast for these data using an of 0.30 and an initial forecast (F# of 31 (Round your intermediate calculations and answers to 2 decimal places.) b. Calculate the exponential smoothing with trend forecast for these data using an a of 0.30, a 8 of 0.30, an initial trend forecast (77 of 1. and an initial exponentially smoothed forecast (F) of 30. (Round your intermediate calculations and answers to 2 decimal places.) FITT Month 1 2 3 4 5 6 7 8 9 c-1. Calculate the mean absolute deviation (MAD) for the last nine months of forecasts. (Round your intermediate calculations and answers to 2 decimal places.) Single exponential smoothing forecast Exponential smoothing with trend forecast

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

Methodology For Auditing Forest Ecosystem Services In Agroforestry Enterprises Pinar Del Rio Cuba

Authors: Dairon Rojas Hernández

1st Edition

620351974X, 978-6203519747

More Books

Students also viewed these Accounting questions

Question

5. Describe how contexts affect listening

Answered: 1 week ago