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
1
Expert's answer
2019-12-23T07:57:01-0500

= 500+0.3(450-500)

=485


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS