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Historical demand for a product is as follows:   DEMAND April 75 May 60 June 90 July 75 August 95 September 88 Using a simple four-month moving average, calculate a forecast for October. Note: Round your answer to 2 decimal places.       Using single exponential smoothing with α = 0.10 and a September forecast = 80, calculate a forecast for October. Note: Round your answer to 2 decimal places

Historical demand for a product is as follows:   DEMAND April 75 May 60 June 90 July 75 August 95 September 88 Using a simple four-month moving average, calculate a forecast for October. Note: Round your answer to 2 decimal places.       Using single exponential smoothing with α = 0.10 and a September forecast = 80, calculate a forecast for October. Note: Round your answer to 2 decimal places

Practical Management Science
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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Historical demand for a product is as follows:

  DEMAND
April 75
May 60
June 90
July 75
August 95
September 88

  1. Using a simple four-month moving average, calculate a forecast for October.

    Note: Round your answer to 2 decimal places.

     

     

     

  2. Using single exponential smoothing with α = 0.10 and a September forecast = 80, calculate a forecast for October.

    Note: Round your answer to 2 decimal places.

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