A firm uses simple exponential smoothing with "a = 0.5" to forecast demand. The forecast for the 1st week of January was 505 units whereas the actual demand turned out to be 452 units. Calculate the demand forecast for the 2nd week.

A firm uses simple exponential smoothing with "a = 0.5" to forecast demand. The forecast for the 1st week of January was 505 units whereas the actual demand turned out to be 452 units. Calculate the demand forecast for the 2nd week.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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