Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What would be the forecast of demand for the week October 1 8 - October 2 4 if you were using a simple exponential smoothing

What would be the forecast of demand for the week October 18- October 24 if you were using a simple exponential smoothing forecast model (alpha value equal to 0.20), which generated a forecast of 25.10 units for the week ending October 17, and the following demand data?
Actual
Week
Sept 27- Oct 3
Demand
Oct 4- Oct 10
27
Oct 11- Oct 17
25
31
Select one:
a.28.60 units
b.29.82 units
c.26.28 units
d. some other value
e.26.20 units
image text in transcribed

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

Management

Authors: Robert Kreitner, Charlene Cassidy

12th edition

1111221367, 978-1285225289, 1285225287, 978-1111221362

More Books

Students also viewed these General Management questions