Answered: Given the Exponential Smoothing Method,…

Given the Exponential Smoothing Method, Actual Demand alpha = .25 and Forecast Demand alpha = 0.75, Find the forecast value in Day 10

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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Given the Exponential Smoothing Method,
Actual Demand alpha = .25 and
Forecast Demand alpha = 0.75,
Find the forecast value in Day 10
Day
Actual Demand
Forecast
$26
$28
$21
$38
1
3
4
5
??
??
7
??
8
??
9
??
10
??

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