Maria Exports Limited is a major garment export house based on China. The sales figures (in1000 units) of a particular garment during the past 20 weeks are given in table below.Week1234567891011121314151617181920Demand2124182227232125271819222624172129272325Find the simple exponential smoothing forecast for all the 20 weeks and also forecast thedemand for 21" week. Assume a = 0.2 and F₁ = 21. (Round to two decimals)

The forecasting process can involve the use of different methods like the moving average, weighted…

Answered: Find the simple exponential smoothing…

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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Find the simple exponential smoothing forecast for all the 20 weeks and also forecast the demand for 21 week. Assume a = 0.2 and F₁ = 21. (Round to two decimals)