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Use an exponential smoothing model with a =.4 to forecast issues remediated for periods 6-10. (Assume a beginning forecast of 320 for period 5).   1. Forecast Period 6 (August) : ? 2. Forecast Period 7 (September) : ? 3. Forecast Period 8 (October) : ? 4. Forecast Period 9 (November) : ? 5. Forecast Period 10 (December) : ?

Use an exponential smoothing model with a =.4 to forecast issues remediated for periods 6-10. (Assume a beginning forecast of 320 for period 5).   1. Forecast Period 6 (August) : ? 2. Forecast Period 7 (September) : ? 3. Forecast Period 8 (October) : ? 4. Forecast Period 9 (November) : ? 5. Forecast Period 10 (December) : ?

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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Question:

Use an exponential smoothing model with a =.4 to forecast issues remediated for periods 6-10. (Assume a beginning forecast of 320 for period 5).

 
1. Forecast Period 6 (August) : ?
2. Forecast Period 7 (September) : ?
3. Forecast Period 8 (October) : ?
4. Forecast Period 9 (November) : ?
5. Forecast Period 10 (December) : ?
Using the data below, complete the following questions by hand or in Excel (note: I want to see all of your work to be able to give partial credit): Period 1 2 3 4 5 7 8 00 9 10 Month March April May June July August September October November December Actual 355 234 267 189 301 222 245 432 324 187
Transcribed Image Text:Using the data below, complete the following questions by hand or in Excel (note: I want to see all of your work to be able to give partial credit): Period 1 2 3 4 5 7 8 00 9 10 Month March April May June July August September October November December Actual 355 234 267 189 301 222 245 432 324 187
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