2 3 4 Using exponential smoothing with a = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 2 3 4 5 6 7 8 9 0 0 Year Demand 1 7 Year Forecast CON Year 1 Forecast 6.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers) 2 8 3 4 4 10 5 5 12 6 6 7 7 7 11 8 8 9 14 10 9 10 10 10 13 11 11 11 8 12 12 0

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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Question
The following table shows the actual demand observed over the last 11 years:
Year
Demand
1
7
Year
Forecast
2
8
2
3
4
3
4
10
4
Using exponential smoothing with a = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).
3
2
4
5
6
T
8
9
Year
1
Forecast 6.0
Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers)
5
12
5
6
7
6
7
8
11 14
7
8
9
10
9
10
10
10
13
11
11
11
8
12
12
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years: Year Demand 1 7 Year Forecast 2 8 2 3 4 3 4 10 4 Using exponential smoothing with a = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 3 2 4 5 6 T 8 9 Year 1 Forecast 6.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers) 5 12 5 6 7 6 7 8 11 14 7 8 9 10 9 10 10 10 13 11 11 11 8 12 12
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