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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
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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
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
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
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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