Answer to Question #100706 in Other for john

Question #100706

1. A firm uses simple exponential smoothing with α =0.3 to forecast demand. The forecast for the first week of January was 500 units, whereas actual demand turned out to be 450 units. Calculate the forecast the demand for the second week of January

Expert's answer

"F2= F1+\\alpha(At-Ft)"

= 500+0.3(450-500)

=485

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Discuss two of your own life or work experiences that you feel have enabled you to develop skills wh
2. Choose one Asian and one European country. Compare and contrast communication in their cultures.
3. For the data in the table: i. What do high kurtosis and skewness figures denote? ii. Free Sulphur
4. Choose one Asian and one European country. Compare and contrast communication in their cultures
5. What are the potential cybersecurity challenges faced in a smart city with data being collected in
6. 1. The healthcare space inundated with the presence of 4, 00,000 apps approximately which are involv
7. The healthcare space inundated with the presence of 4, 00,000 apps approximately which are involved