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TIME PERIOD, t FORECAST DEMAND, F, b50 ACTUAL DEMAND, A, 1 50 2 42 50 3 56 48 4 46 50

TIME PERIOD, t FORECAST DEMAND, F, b50 ACTUAL DEMAND, A, 1 50 2 42 50 3 56 48 4 46 50

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Consider the following actual (A,) and forecast (F,) demand levels for a commercial multiline telephone at Office Max:                                                                                                                                     The first forecast, Fl' was derived by observing A1 and setting F1
equal to A 1. Subsequent forecast averages were derived by exponential
smoothing. Using the exponentia l smoothing method,
find the forecast for time period 5. (Hint: You need to first find
the smoothing constant, a.)
TIME PERIOD, t FORECAST DEMAND, F, b50 ACTUAL DEMAND, A, 1 50 2 42 50 3 56 48 4 46 50
Transcribed Image Text:TIME PERIOD, t FORECAST DEMAND, F, b50 ACTUAL DEMAND, A, 1 50 2 42 50 3 56 48 4 46 50
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