Please simply answer part b Not all the items in your office supply store are evenly distributed as far as demand is concerned, so you decide to forecast demand tohelp plan your stock. Past data for legal-sized yellow tablets for the month of August areWeek 1330Week 2430Week 3630Week 4730 b. Using exponential smoothing with a = 0.40, if the exponential forecast for week 3 was estimated as the average of the first twoweeks [(330 + 430)/2 = 380], what would you forecast week 5 to be? (Round your answer to the nearest whole number.)Forecast for the week 5

Exponential smoothing is a forecasting model which helps to identify forecasting value using the…

Answered: b. Using exponential smoothing with a =…

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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b. Using exponential smoothing with a = 0.40, if the exponential forecast for week 3 was estimated as the average of the first two weeks [(330 + 430)/2 = 380], what would you forecast week 5 to be? (Round your answer to the nearest whole number.) Forecast for the week 5