The following table shows the actual demand observed over the last 11 years: 1 Year Demand 7 2 9 Year 1 Forecast 6.0 2 Year Forecast 3 6 3 4 10 4 5 12 5 Using exponential smoothing with x = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 6 7 6 7 12 7 8 12 8 9 9 10 9 9 10 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers). 2 3 4 5 6 7 8 9 10 11 11 11 8 12 12
The following table shows the actual demand observed over the last 11 years: 1 Year Demand 7 2 9 Year 1 Forecast 6.0 2 Year Forecast 3 6 3 4 10 4 5 12 5 Using exponential smoothing with x = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 6 7 6 7 12 7 8 12 8 9 9 10 9 9 10 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers). 2 3 4 5 6 7 8 9 10 11 11 11 8 12 12
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 19P: The file P13_19.xlsx contains the weekly sales of a particular brand of paper towels at a...
Related questions
Question
The following table shows the actual demand observed over the last 11 years:
Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
Demand |
7 |
9 |
6 |
10 |
12 |
7 |
12 |
12 |
9 |
9 |
8 |
Part 2
Using exponential smoothing with
α =
0.30 and a
6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).
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Part 3
Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers).
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