Using simple exponential smoothing and the following time series data, respond to each of the items.   Period D

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
icon
Related questions
Question

Using simple exponential smoothing and the following time series data, respond to each of the items.
 

Period Demand
1 72
2 60
3 27
4 52
5 26
6 46
7 52
8 28
9 53
10 50
11 57
12 87
13 22
14 56
 

Please show work.

c. Compute all possible forecasts using a smoothing coefficient (a) of 0.9. (Negative amounts should be indicated by a minus sign.
Round your answers to 2 decimal places.)
Exponential
Smooth
Period
Demand
Error
Absolute Error
1
72
60
3
27
4
52
26
6
46
7
52
8
28
9.
53
10
50
11
57
12
87
13
22
14
56
15
d. Compute the MADS for each exponential smoothing forecast. (Round your answers to 2 decimal places.)
Average Forecast
For an alpha of 0.4, the MAD
For an alpha of 0.9, the MAD
Transcribed Image Text:c. Compute all possible forecasts using a smoothing coefficient (a) of 0.9. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Exponential Smooth Period Demand Error Absolute Error 1 72 60 3 27 4 52 26 6 46 7 52 8 28 9. 53 10 50 11 57 12 87 13 22 14 56 15 d. Compute the MADS for each exponential smoothing forecast. (Round your answers to 2 decimal places.) Average Forecast For an alpha of 0.4, the MAD For an alpha of 0.9, the MAD
b. Compute all possible forecasts using a smoothing coefficient (a) of 0.4. (Negative amounts should be indicated by a minus sign.
Round
your answers to 2 decimal places.)
Exponential
Smooth
Period
Demand
Error
Absolute Error
1
72
60
27
4
52
5
26
6
46
7
52
8
28
9
53
10
50
11
57
12
87
13
22
14
56
15
Transcribed Image Text:b. Compute all possible forecasts using a smoothing coefficient (a) of 0.4. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Exponential Smooth Period Demand Error Absolute Error 1 72 60 27 4 52 5 26 6 46 7 52 8 28 9 53 10 50 11 57 12 87 13 22 14 56 15
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 11 images

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning