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. 34 2 35 34 4. 36 37 37 38 35 9. 10 36 33 30 11 Answer is complete but not entirely correct. a= 0.3 a = 0,5 Period Forecast Forecast 59.00 8 59.00 0 59.00 O 3 51.50 O 4 46.55 55.25 O Answer is complete but not entirely correct. a = 0.3 a = 0.5 Period Forecast Forecast 59.00 8 51.50 8 59.00 X 3 59.00 X 4. 46.55 X 55.25 X 42.78 X 50.90 X 40.75 X 46.84 X 39.62 X 43.79 X 41.71 8 40.27 X 8 38.84 38.58 X 10 37.51 39.43 X 11 37.06 X 38.47 X 12 35.84 X 37.76 X 2.
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. 34 2 35 34 4. 36 37 37 38 35 9. 10 36 33 30 11 Answer is complete but not entirely correct. a= 0.3 a = 0,5 Period Forecast Forecast 59.00 8 59.00 0 59.00 O 3 51.50 O 4 46.55 55.25 O Answer is complete but not entirely correct. a = 0.3 a = 0.5 Period Forecast Forecast 59.00 8 51.50 8 59.00 X 3 59.00 X 4. 46.55 X 55.25 X 42.78 X 50.90 X 40.75 X 46.84 X 39.62 X 43.79 X 41.71 8 40.27 X 8 38.84 38.58 X 10 37.51 39.43 X 11 37.06 X 38.47 X 12 35.84 X 37.76 X 2.
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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Transcribed Image Text: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
34
35
36
37
37
38
35
36
33
30
10
11
Answer is complete but not entirely correct.
a- 0.3
a = 0.5
Period
Forecast
Forocast
1.
59.00 O
51.50 8
46.55 8
2
59.00 8
59.00 8
55.25
Answer is complete but not entirely correct.
a = 0.3
a = 0.5
Period
Forecast
Forecast
1
2
59.00
59.00 X
3
51.50 X
59.00 X
4
46.55 X
55.25 X
42.78
50.90 X
40.75 8
46.84 X
39.62
43.79 X
8
38.84 X
41.71 X
38.58
40.27 X
10
37.51 X
39.43 X
11
37.06 X
38.47 X
12
35.84
37.76 8
S462 785 63
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