Assume that the forecasted demand for 2019 is 15. Use the following data set and exponential smoothing with a = 0.4 and determine the forecasted demand for 2021. Demand Year 2019 16 2020 20 2021 18
Assume that the forecasted demand for 2019 is 15. Use the following data set and exponential smoothing with a = 0.4 and determine the forecasted demand for 2021. Demand Year 2019 16 2020 20 2021 18
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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
Transcribed Image Text:Assume that the forecasted demand for 2019 is 15. Use the following data set and exponential
smoothing with a = 0.4 and determine the forecasted demand for 2021.
Year
Demand
2019
16
2020
20
2021
18
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