The following table shows the actual demand observed over the last 4 years: Year Demand 1 8 Year Forecast (ES) 1 7.0 Using exponential smoothing with a = 0.30 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 5 (round your responses to one decimal place). 3 4 5 Provide the forecast from periods 2 through 5 using the naive approach (enter your responses as whole numbers). Year Forecast (NA) 2 10 2 2 3 4 3 4 9 . 4 5
The following table shows the actual demand observed over the last 4 years: Year Demand 1 8 Year Forecast (ES) 1 7.0 Using exponential smoothing with a = 0.30 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 5 (round your responses to one decimal place). 3 4 5 Provide the forecast from periods 2 through 5 using the naive approach (enter your responses as whole numbers). Year Forecast (NA) 2 10 2 2 3 4 3 4 9 . 4 5
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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![The following table shows the actual demand observed over the last 4 years:
1
Year
Demand 8
Year
Forecast (ES)
1
7.0
Using exponential smoothing with a = 0.30 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 5 (round your responses to one decimal place).
3
5
Provide the forecast from periods 2 through 5 using the naive approach (enter your responses as whole numbers).
Year
Forecast (NA)
2
10
2
2
3
4
3
4
4
9
4
5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdfbc4ba1-e0ed-49af-a997-602aa39b0c1c%2F874b151f-6aa9-42ee-8832-2cfa716fe978%2Fk2ibih9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following table shows the actual demand observed over the last 4 years:
1
Year
Demand 8
Year
Forecast (ES)
1
7.0
Using exponential smoothing with a = 0.30 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 5 (round your responses to one decimal place).
3
5
Provide the forecast from periods 2 through 5 using the naive approach (enter your responses as whole numbers).
Year
Forecast (NA)
2
10
2
2
3
4
3
4
4
9
4
5
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