The forecast of a product for the first week of March was 200 units, whereas the actual demand turned out to be 220 units. i. Find the forecast for the second week of March by assuming the smoothing constant ( ) α as 0.35. ii. Find the forecast for the third week of March if the actual demand of the second week is 210 units.
The forecast of a product for the first week of March was 200 units, whereas the actual demand turned out to be 220 units. i. Find the forecast for the second week of March by assuming the smoothing constant ( ) α as 0.35. ii. Find the forecast for the third week of March if the actual demand of the second week is 210 units.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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(c)
The forecast of a product for the first week of March was 200 units, whereas the actual
demand turned out to be 220 units.
i.
Find the forecast for the second week of March by assuming the smoothing constant
( ) α
as 0.35.
ii.
Find the forecast for the third week of March if the actual demand of the second
week is 210 units.
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