c) If the forecasted demand for the week of August 31 is 345 and α = 0.20, using exponential smoothing, develop the forecast for each of the weeks with the known demand and the forecast for the week of October 12 (round your responses to two decimal places). c) If the forecasted demand for the week of August 31 is 345 and a = 0.20, using exponential smoothing, develop the forecast for each of the weeks with the knowndemand and the forecast for the week of October 12 (round your responses to two decimal places).Week OfPints UsedForecast for thisDateAugust 31345345September 7370345.00September 14410350.00September 21378366.80

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Answered: c) If the forecasted demand for the…

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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c) If the forecasted demand for the week of August 31 is 345 and α = 0.20, using exponential smoothing, develop the forecast for each of the weeks with the known demand and the forecast for the week of October 12 (round your responses to two decimal places).

c) If the forecasted demand for the week of August 31 is 345 and a = 0.20, using exponential smoothing, develop the forecast for each of the weeks with the known
demand and the forecast for the week of October 12 (round your responses to two decimal places).
Week Of
Pints Used
Forecast for this
Date
August 31
345
345
September 7
370
345.00
September 14
410
350.00
September 21
378
366.80

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