Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip January $1.80 July $1.80 February $1.61 August $1.82 March $1.60 September $1.60 April $1.85 October $1.57 May $1.90 November $1.62 June $1.95 December $1.75 This exercise contains only part d. Part 2 With α = 0.1 and the initial forecast for October of $1.78, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Oct Nov Dec Forecast $1.78 enter your response here enter your response here
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip January $1.80 July $1.80 February $1.61 August $1.82 March $1.60 September $1.60 April $1.85 October $1.57 May $1.90 November $1.62 June $1.95 December $1.75 This exercise contains only part d. Part 2 With α = 0.1 and the initial forecast for October of $1.78, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Oct Nov Dec Forecast $1.78 enter your response here enter your response here
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
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
Month
|
Price Per Chip
|
Month
|
Price Per Chip
|
January
|
$1.80
|
July
|
$1.80
|
February
|
$1.61
|
August
|
$1.82
|
March
|
$1.60
|
September
|
$1.60
|
April
|
$1.85
|
October
|
$1.57
|
May
|
$1.90
|
November
|
$1.62
|
June
|
$1.95
|
December
|
$1.75
|
This exercise contains only part d.
Part 2
With
forecast for October of
α
= 0.1 and the initial $1.78,
using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):
Month
|
Oct
|
Nov
|
Dec
|
Forecast
|
$1.78
|
enter your response here
|
enter your response here
|
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