Homework Help is Here – Start Your Trial Now!
Engineering
Mechanical Engineering
Example: bottled water at Kroger (Homework) Month Actual Forecasted a=0.3 Jan 1,325 1,370 Feb 1,353 1,361 Mar 1,305 1,359 Apr 1,275 1,349 May 1,210 1,334 Jun ? 1,309 ve the acutal sales in jun using Exponential smoothing: the method Assume that we are currently in period r. We calculated the forecast for the last period (F) and we know the actual demand last period (d)

Example: bottled water at Kroger (Homework) Month Actual Forecasted a=0.3 Jan 1,325 1,370 Feb 1,353 1,361 Mar 1,305 1,359 Apr 1,275 1,349 May 1,210 1,334 Jun ? 1,309 ve the acutal sales in jun using Exponential smoothing: the method Assume that we are currently in period r. We calculated the forecast for the last period (F) and we know the actual demand last period (d)

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
See similar textbooks
icon
Related questions
Question
Example: bottled water at Kroger (Homework) = Month Actual Forecasted α = 0.3 Jan 1,325 1,370 Feb 1,353 1,361 Mar 1,305 1,359 Apr 1,275 1,349 May 1,210 1,334 Jun ? 1,309 solve the acutal sales in jun using Exponential smoothing: the method Assume that we are currently in period. We calculated the forecast for the last period (F) and we know the actual demand last period (4.) ... F₁=F₁₁+a(A₁-F₁) The smoothing constant a expresses how much our forecast will react to observed differences... If a is low: there is little reaction to differences. If a is high: there is a lot of reaction to differences.
Transcribed Image Text:Example: bottled water at Kroger (Homework) = Month Actual Forecasted α = 0.3 Jan 1,325 1,370 Feb 1,353 1,361 Mar 1,305 1,359 Apr 1,275 1,349 May 1,210 1,334 Jun ? 1,309 solve the acutal sales in jun using Exponential smoothing: the method Assume that we are currently in period. We calculated the forecast for the last period (F) and we know the actual demand last period (4.) ... F₁=F₁₁+a(A₁-F₁) The smoothing constant a expresses how much our forecast will react to observed differences... If a is low: there is little reaction to differences. If a is high: there is a lot of reaction to differences.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Convection
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, mechanical-engineering and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Elements Of Electromagnetics
Elements Of Electromagnetics
Mechanical Engineering
ISBN:
9780190698614
Author:
Sadiku, Matthew N. O.
Publisher:
Oxford University Press
Mechanics of Materials (10th Edition)
Mechanics of Materials (10th Edition)
Mechanical Engineering
ISBN:
9780134319650
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Thermodynamics: An Engineering Approach
Thermodynamics: An Engineering Approach
Mechanical Engineering
ISBN:
9781259822674
Author:
Yunus A. Cengel Dr., Michael A. Boles
Publisher:
McGraw-Hill Education
Control Systems Engineering
Control Systems Engineering
Mechanical Engineering
ISBN:
9781118170519
Author:
Norman S. Nise
Publisher:
WILEY
Mechanics of Materials (MindTap Course List)
Mechanics of Materials (MindTap Course List)
Mechanical Engineering
ISBN:
9781337093347
Author:
Barry J. Goodno, James M. Gere
Publisher:
Cengage Learning
Engineering Mechanics: Statics
Engineering Mechanics: Statics
Mechanical Engineering
ISBN:
9781118807330
Author:
James L. Meriam, L. G. Kraige, J. N. Bolton
Publisher:
WILEY
SEE MORE TEXTBOOKS