Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period Actual Demand 1 2 4 4 5 6 37 39 39 39 36 38

Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period Actual Demand 1 2 4 4 5 6 37 39 39 39 36 38

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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Question

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Please help with this. Thank you for your assistance.

Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual
value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.)
Period Actual Demand
1
2
4
4
5
6
7
8
∞50
9
10
5.5
11
Period
1
2
3
4
5
6
7
8
9
10
11
12
37
39
39
39
36
w w w w A WW w w w
38
798LO8
40
37
38
36
34
α = 0.3
Forecast
α = 0.5
Forecast

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