2 4 5 6 8 9 10 11 Year Demand 6 8 6 10 12 7 12 13 8 11 8 precast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 12 3 4 5 6 7 8 9 10 11 12 Year Forecast 5.0 ng the naive approach (enter your responses as whole numbers). 2 3 4 5 6 7 10 11 12 Year Forecast 1 3 8 9

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
### Demand Forecasting

#### Historical Demand Data
The table below illustrates the actual demand observed over the last 11 years:
| Year   | 1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10 | 11 |
|--------|----|----|----|----|----|----|----|----|----|----|----|
| Demand | 6  | 8  | 6  | 10 | 12 | 7  | 12 | 13 | 8  | 11 | 8  |

#### Exponential Smoothing
Using exponential smoothing with α = 0.40 and an initial forecast for year 1 of 5.0, compute the forecast from periods 2 through 12. Round your responses to one decimal place.

| Year     | 1   | 2   | 3   | 4   | 5   | 6   | 7   | 8   | 9   | 10  | 11  | 12  |
|----------|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|
| Forecast | 5.0 |     |     |     |     |     |     |     |     |     |     |     |

#### Naive Approach
Provide the forecast using the naive approach from periods 2 through 12. Enter your responses as whole numbers.

| Year     | 2   | 3   | 4   | 5   | 6   | 7   | 8   | 9   | 10  | 11  | 12  |
|----------|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|
| Forecast |     |     |     |     |     |     |     |     |     |     |     |
Transcribed Image Text:### Demand Forecasting #### Historical Demand Data The table below illustrates the actual demand observed over the last 11 years: | Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |--------|----|----|----|----|----|----|----|----|----|----|----| | Demand | 6 | 8 | 6 | 10 | 12 | 7 | 12 | 13 | 8 | 11 | 8 | #### Exponential Smoothing Using exponential smoothing with α = 0.40 and an initial forecast for year 1 of 5.0, compute the forecast from periods 2 through 12. Round your responses to one decimal place. | Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |----------|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----| | Forecast | 5.0 | | | | | | | | | | | | #### Naive Approach Provide the forecast using the naive approach from periods 2 through 12. Enter your responses as whole numbers. | Year | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |----------|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----| | Forecast | | | | | | | | | | | |
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman