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a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .10. (Round your intermediate calculations and final answers to 3 decimal places.)

a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .10. (Round your intermediate calculations and final answers to 3 decimal places.)

Practical Management Science
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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Problem 3-28 The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 123 183 113 200 1 143 78 73 150 102 80 135 4 5 6. 118 113 142 7 128 124 9. 107 162 117 109 150 94 80 10 11 102 137 12 13 140 128 14 147
Transcribed Image Text:Problem 3-28 The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 123 183 113 200 1 143 78 73 150 102 80 135 4 5 6. 118 113 142 7 128 124 9. 107 162 117 109 150 94 80 10 11 102 137 12 13 140 128 14 147
a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .10. (Round your intermediate calculations and final answers to 3 decimal places.) t A Period Demand 123 183 143 78 MADT 1 3 4 73 6. 118 7 113 8. 142 9. 107 10 162 11 117 12 102 13 137 14 147
Transcribed Image Text:a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with a = .10. (Round your intermediate calculations and final answers to 3 decimal places.) t A Period Demand 123 183 143 78 MADT 1 3 4 73 6. 118 7 113 8. 142 9. 107 10 162 11 117 12 102 13 137 14 147
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