The following table contains the demand from the last 10 months: HONTH ACTUAL DEMAND 31 34 2 3 4 5 . 7 Calculate the single exponential smoothing forecast for these data using an a of 30 and an initial forecast (Fg of 31. Round your answers to 2 decimal places) Answer is complete and correct. . D 10 1 2 3 5 b. Calculate the exponential smoothing with trend forecast for these data using an a of 0:30. a 6 of 0.30, an initial trend forecast (7 of 1, and an initial exponentially smoothed forecast (F of 30 (Round your answers to 2 decimal places) • Answer is complete but not entirely correct. Month FIT 7 8 31.000 31000 31.000 220 13:00 - • 10 34.20 34.770 329 37020 37 310 120.000 32610 34807 3430 36.750 33 35 37 36 37 200 37.810 38 40 40 30.000 40.399 41.270 et Calculate the mean absolute deviation (MAD) for the lost ne months of forecasts Round your answers to 2 decimal places) gewing b Aris complete but not entirely correct. with Single exponenta smoothing forecast Exponential smoothing with end forecamO
The following table contains the demand from the last 10 months: HONTH ACTUAL DEMAND 31 34 2 3 4 5 . 7 Calculate the single exponential smoothing forecast for these data using an a of 30 and an initial forecast (Fg of 31. Round your answers to 2 decimal places) Answer is complete and correct. . D 10 1 2 3 5 b. Calculate the exponential smoothing with trend forecast for these data using an a of 0:30. a 6 of 0.30, an initial trend forecast (7 of 1, and an initial exponentially smoothed forecast (F of 30 (Round your answers to 2 decimal places) • Answer is complete but not entirely correct. Month FIT 7 8 31.000 31000 31.000 220 13:00 - • 10 34.20 34.770 329 37020 37 310 120.000 32610 34807 3430 36.750 33 35 37 36 37 200 37.810 38 40 40 30.000 40.399 41.270 et Calculate the mean absolute deviation (MAD) for the lost ne months of forecasts Round your answers to 2 decimal places) gewing b Aris complete but not entirely correct. with Single exponenta smoothing forecast Exponential smoothing with end forecamO
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...
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning