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Matrix uses simple exponential smoothing with S.F = 0.6 to forecast demand. The forecast for the week of Nov 1 was 350 units, whereas the actual demand turned out to be 400 units.   Forecast the demand for the week of Nov 8 to week Nov 22 Week

Matrix uses simple exponential smoothing with S.F = 0.6 to forecast demand. The forecast for the week of Nov 1 was 350 units, whereas the actual demand turned out to be 400 units.   Forecast the demand for the week of Nov 8 to week Nov 22 Week

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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Matrix uses simple exponential smoothing with S.F = 0.6 to forecast demand. The forecast for the week of Nov 1 was 350 units, whereas the actual demand turned out to be 400 units.

 

Forecast the demand for the week of Nov 8 to week Nov 22

Week

 

Actual Demand

 

Forecast

 

Nov 01

 

350

 

400

 

Nov 08

 

460

 

430

 

Nov 15

 

501

 

448

 

Nov 22

 

495

 

479.8

 

                                                                                                                                               

 

Element of Competency

 

     Determine the quantity of raw materials and other products order.

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