The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 6 8 4 9 13 8 11 14 9 13 7 Part 2 Using exponential smoothing with α = 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 5.0 enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here
The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 6 8 4 9 13 8 11 14 9 13 7 Part 2 Using exponential smoothing with α = 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 5.0 enter your response here enter your response here enter your response here enter your response here enter your response here 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
The following table shows the actual demand observed over the last 11 years:
|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
|
Demand
|
6
|
8
|
4
|
9
|
13
|
8
|
11
|
14
|
9
|
13
|
7
|
Part 2
Using exponential smoothing with
forecast for year 1 of
α
=
0.40
and a 5.0,
provide the forecast from periods 2 through 12 (round your responses to one decimal place).|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
Forecast
|
5.0
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
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Follow-up Question
The following table shows the actual demand observed over the last 11 years:
|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
|
Demand
|
6
|
8
|
4
|
9
|
13
|
8
|
11
|
14
|
9
|
13
|
7
|
Part 2
Using exponential smoothing with
forecast for year 1 of
α
=
0.40
and a 5.0,
provide the forecast from periods 2 through 12 (round your responses to one decimal place).|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
Forecast
|
5.0
|
5.45.4
|
6.46.4
|
5.55.5
|
6.96.9
|
9.39.3
|
8.88.8
|
9.79.7
|
11.411.4
|
10.410.4
|
11.511.5
|
9.79.7
|
Part 3
Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers).
|
Year
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
Forecast
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
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