Using exponential smoothing with a 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).

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
icon
Related questions
Question
The following table shows the actual demand observed over the last 11 years:
Year
2
3
5
7.
10
11
Demand
10
13
17
13
12
10
11
Using exponential smoothing with a = 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
2
4
7.
10
11
12
is
Forecast 5.0
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years: Year 2 3 5 7. 10 11 Demand 10 13 17 13 12 10 11 Using exponential smoothing with a = 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 2 4 7. 10 11 12 is Forecast 5.0
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage