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The following table shows the actual demand observed over the last 11 years: Year 1234567891011 Demand 686913712138118 Part 2 Using exponential smoothing with = 0.50
The following table shows the actual demand observed over the last 11 years:
Year1234567891011Demand686913712138118
Part 2
Using exponential smoothing with
=
0.50
and a forecast for year 1 of
5.0,
provide the forecast from periods 2 through 12 (round your responses to one decimal place).
Year123456789101112ForecastStep by Step Solution
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