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
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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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
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28
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31
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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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