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Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential smoothing forecast. Smoothing constant 0.2 Time Observation Forecast Error Error^2 Formulas 5 Period 87 #N/A V#N/A I #N/A * #N/A V #N/A V #N/A V #N/A * #N/A * #N/A V #N/A * #N/A V #N/A 2 #N/A 93 88 89 #N/A 3 #N/A V #N/A 8. #N/A * #N/A * #N/A * #N/A 9 4 #N/A 10 97 #N/A 11 6. 86 #N/A 12 7 91 #N/A *#N/A * #N/A T #N/A #NIA v #NIA 8 89 92 13 #N/A 14 #N/A 93 89 94 15 10 #N/A 16 11 #N/A 17 12 #N/A 18 Next period forecast: 13 #N/A 19 20 MSE #N/A 21 22

Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential smoothing forecast. Smoothing constant 0.2 Time Observation Forecast Error Error^2 Formulas 5 Period 87 #N/A V#N/A I #N/A * #N/A V #N/A V #N/A V #N/A * #N/A * #N/A V #N/A * #N/A V #N/A 2 #N/A 93 88 89 #N/A 3 #N/A V #N/A 8. #N/A * #N/A * #N/A * #N/A 9 4 #N/A 10 97 #N/A 11 6. 86 #N/A 12 7 91 #N/A *#N/A * #N/A T #N/A #NIA v #NIA 8 89 92 13 #N/A 14 #N/A 93 89 94 15 10 #N/A 16 11 #N/A 17 12 #N/A 18 Next period forecast: 13 #N/A 19 20 MSE #N/A 21 22

Practical Management Science
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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D F H I J L N R. 1 Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential smoothing forecast. 3 Smoothing constant 0.2 4. Time Period Observation Forecast Error Error^2 Formulas 6. 1 87 #N/A 93 #N/A V #N/A #N/A 7. 8 3 88 #N/A #N/A #N/A 4 89 #N/A V #N/A #N/A 9 V#N/A #N/A * #N/A I #N/A V #N/A V #N/A F #N/A * #N/A * #N/A 10 97 #N/A #N/A * #N/A * #N/A * #N/A * #N/A * #N/A * #N/A 11 6 86 #N/A 12 7 91 #N/A 13 8. 89 #N/A 14 9 92 #N/A 15 10 93 #N/A 16 11 89 #N/A 17 12 94 #N/A 18 Next period forecast: 13 #N/A 19 20 MSE #N/A 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 A Sheeti Give Feed Calculation Mode: Automatic Workbook Statistics DII 80 F10 F5 F6 F7 F2 F3 F4 esc & %23 8 9 1 2 3 4 P W E R Y |I
Transcribed Image Text:D F H I J L N R. 1 Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential smoothing forecast. 3 Smoothing constant 0.2 4. Time Period Observation Forecast Error Error^2 Formulas 6. 1 87 #N/A 93 #N/A V #N/A #N/A 7. 8 3 88 #N/A #N/A #N/A 4 89 #N/A V #N/A #N/A 9 V#N/A #N/A * #N/A I #N/A V #N/A V #N/A F #N/A * #N/A * #N/A 10 97 #N/A #N/A * #N/A * #N/A * #N/A * #N/A * #N/A * #N/A 11 6 86 #N/A 12 7 91 #N/A 13 8. 89 #N/A 14 9 92 #N/A 15 10 93 #N/A 16 11 89 #N/A 17 12 94 #N/A 18 Next period forecast: 13 #N/A 19 20 MSE #N/A 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 A Sheeti Give Feed Calculation Mode: Automatic Workbook Statistics DII 80 F10 F5 F6 F7 F2 F3 F4 esc & %23 8 9 1 2 3 4 P W E R Y |I
c/nb/ui/evo/index.html?elSBN=9780357131725&id=1357911454&snapshotld=2709085& engage Lea X Excel Online Student W X C Excel Online Activity: M X W Haas F1 Team - Wikipe X ps Q Operations Manag.. Q ENGAGE MINDTAP ter 09 Excel Activity: Exponential Smoothing Q Search this n 1 I Video Excel Online Activity: Exponential Smoothing A retail store records customer demand during each sales period. The data has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel Online file below to develop the single exponential smoothing forecast and answer the following questions. Open spreadsheet Questions 1. What is the forecast for the 13th period based on the single exponential smoothing? Round your answer to two decimal places. 2. What is the MSE for the single exponential smoothing forecast? Round your answer to two decimal places. 3. Choose the correct graph for the single exponential smoothing fbrecast. The correct graph is Observation Forecast Exponential Smoothing Forecast 100- 95+ 90- A. 85- 80+ Time Period 14 Next 12
Transcribed Image Text:c/nb/ui/evo/index.html?elSBN=9780357131725&id=1357911454&snapshotld=2709085& engage Lea X Excel Online Student W X C Excel Online Activity: M X W Haas F1 Team - Wikipe X ps Q Operations Manag.. Q ENGAGE MINDTAP ter 09 Excel Activity: Exponential Smoothing Q Search this n 1 I Video Excel Online Activity: Exponential Smoothing A retail store records customer demand during each sales period. The data has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel Online file below to develop the single exponential smoothing forecast and answer the following questions. Open spreadsheet Questions 1. What is the forecast for the 13th period based on the single exponential smoothing? Round your answer to two decimal places. 2. What is the MSE for the single exponential smoothing forecast? Round your answer to two decimal places. 3. Choose the correct graph for the single exponential smoothing fbrecast. The correct graph is Observation Forecast Exponential Smoothing Forecast 100- 95+ 90- A. 85- 80+ Time Period 14 Next 12
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