Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below: 6 Week 1 Demand 20 2 23 3 4 5 27 37 26 7 8 9 10 30 35 22 24 29 a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.55 and a week 1 initial forecast of 20.0 are (round your responses to two decimal places): Week 1 2 Demand 20 23 Forecast 20.0 3 27 4 37 5 26 6 30 7 35 8 22 9 10 24 29

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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- Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below:
6
10
Week
1
Demand 20
2 3
23 27
4 5
37 26
7 8 9
30 35 22 24 29
a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.55 and a week 1 initial forecast of 20.0 are (round your responses to two decimal places):
Week
1
Demand 20
Forecast 20.0
2 3
23 27
4
37
5
26
6
30
7
35
8
22
9
24
10
29
Transcribed Image Text:- Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below: 6 10 Week 1 Demand 20 2 3 23 27 4 5 37 26 7 8 9 30 35 22 24 29 a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.55 and a week 1 initial forecast of 20.0 are (round your responses to two decimal places): Week 1 Demand 20 Forecast 20.0 2 3 23 27 4 37 5 26 6 30 7 35 8 22 9 24 10 29
Expert Solution
Step 1

Given,

Week Demand
1 20
2 23
3 27
4 37
5 26
6 30
7 35
8 22
9 24
10 29

Week 1 initial forecast = 20

α = 0.55

Exponential smoothing forecast Ft = At-1*α + Ft-1 * ( 1- α)

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