c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 475 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.) Forecast for this month units

c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 475 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.) Forecast for this month units

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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Question

Please answer for c

c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three
months ago was 475 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.)
Forecast for this month
units

Actual demand for a product for the past three months was
Three months ago
Two months ago
425 units
375 units
Last month
305 units
LIsing a simplo throo month mo

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