b. Prepare forecasts for June through September by using an exponential smoothing model with α = 0.4. Assume that the forecast for May was 2,100 (enter your responses rounded to the nearest whole number). Month March April May June July August September Month March April May June Demand 120 2,030 1,110 4,210 3,260 5,830 c. Prepare forecasts for June through September by using an adjusted exponential smoothing model with α = 0.4 and ß= 0.2. Assume that the unadjusted forecast F₁ for May was 2,100 and the trend factor T₁ for May was 900 (enter your responses rounded to the nearest whole number). Demand 120 2,030 1,110 4,210 Forecast 2,100 1704 2707 2928 4089 2,100 1,704 Unadjusted forecast Adjusted forecast
b. Prepare forecasts for June through September by using an exponential smoothing model with α = 0.4. Assume that the forecast for May was 2,100 (enter your responses rounded to the nearest whole number). Month March April May June July August September Month March April May June Demand 120 2,030 1,110 4,210 3,260 5,830 c. Prepare forecasts for June through September by using an adjusted exponential smoothing model with α = 0.4 and ß= 0.2. Assume that the unadjusted forecast F₁ for May was 2,100 and the trend factor T₁ for May was 900 (enter your responses rounded to the nearest whole number). Demand 120 2,030 1,110 4,210 Forecast 2,100 1704 2707 2928 4089 2,100 1,704 Unadjusted forecast Adjusted forecast
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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Transcribed Image Text:b. Prepare forecasts for June through September by using an exponential smoothing model with α = 0.4. Assume
that the forecast for May was 2,100 (enter your responses rounded to the nearest whole number).
Month
March
April
May
June
July
August
September
March
April
May
June
Demand
Demand
120
2,030
1,110
4,210
3,260
5,830
c. Prepare forecasts for June through September by using an adjusted exponential smoothing model with α = 0.4
and ß = 0.2. Assume that the unadjusted forecast for May was 2,100 and the trend factor T₁ for May was 900
(enter your responses rounded to the nearest whole number).
Month
120
2,030
1,110
4,210
Forecast
2,100
1704
2707
2928
4089
2,100
1,704
Unadjusted
forecast
Adjusted
forecast
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