Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonald's restaurant: Day Monday Actual Demand Forecast Demand 90.00 90.00 Tuesday 75.00 90.00 Wednesday Thursday Friday 68.00 84.00 48.00 77.60 The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.40. Using this exponential smoothing method, the forecast for Big Mac demand for Friday is Big Macs (round your response to one decimal place).

Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonald's restaurant: Day Monday Actual Demand Forecast Demand 90.00 90.00 Tuesday 75.00 90.00 Wednesday Thursday Friday 68.00 84.00 48.00 77.60 The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.40. Using this exponential smoothing method, the forecast for Big Mac demand for Friday is Big Macs (round your response to one decimal place).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

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