Assume that the forecasted demand for 2019 is 15. Use the following data set and exponentialsmoothing with a = 0.4 and determine the forecasted demand for 2021.YearDemand201916202020202118

Given - Year Demand 2019 16 2020 20 2021 18

Answered: Assume that the forecasted demand for…

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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Income at the architectural firm Spraggins and Yunes for the period February to July was as follows: February April May Month Income ($000's) 35.0 28.1 26.3 March 32.6 June 34.5 July 32.0 Assume that the initial forecast for February is 30.0 (in $ thousands) and the initial trend adjustment is 0. The smoothing constants selected are α = 0.1 and ß = 0.3. Using trend-adjusted exponential smoothing, the forecast for the architectural firm's August income is thousand dollars (round your response to two decimal places).
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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