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
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
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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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
= 0.55
Exponential smoothing forecast Ft = At-1* + Ft-1 * ( 1- )
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