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 6 8 4 9 13 8 11 14 9 13 7 Part 2 Using exponential smoothing with α = 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 5.0 enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here
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 6 8 4 9 13 8 11 14 9 13 7 Part 2 Using exponential smoothing with α = 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 5.0 enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here
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 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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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
|
6
|
8
|
4
|
9
|
13
|
8
|
11
|
14
|
9
|
13
|
7
|
Part 2
Using exponential smoothing with
forecast for year 1 of
α
=
0.40
and a 5.0,
provide the forecast from periods 2 through 12 (round your responses to one decimal place).|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
Forecast
|
5.0
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
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Follow-up 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
|
6
|
8
|
4
|
9
|
13
|
8
|
11
|
14
|
9
|
13
|
7
|
Part 2
Using exponential smoothing with
forecast for year 1 of
α
=
0.40
and a 5.0,
provide the forecast from periods 2 through 12 (round your responses to one decimal place).|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
Forecast
|
5.0
|
5.45.4
|
6.46.4
|
5.55.5
|
6.96.9
|
9.39.3
|
8.88.8
|
9.79.7
|
11.411.4
|
10.410.4
|
11.511.5
|
9.79.7
|
Part 3
Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers).
|
Year
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
Forecast
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
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