Give typed explanationPart 2: Using exponential smoothing, the forecasted demand for period 5 using the smoothing constant determined in image= ? Consider the following actual (A+) and forecast (F₁) demand levels for a commercial multiline telephone at Office Max:Time Period Actual DemandAt45.048.056.046.012345-Forecast DemandFt45.0045.0045.6047.68?The first forecast, F₁, was derived by observing A, and setting F, equal to A₁. Subsequent forecasts were derived by exponential smoothing.The smoothing constant (a) used to derive the subsequent forecasts = (round your response to two decimal places). (Hint: To determine x, use either the relationship forperiod 3 or 4.)

Exponential smoothing is a popular method of time series forecasting that uses a weighted average of…

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Using exponential smoothing, the forecasted demand for period 5 using the smoothing constant determined in image= ?

Practical Management Science

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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

Give typed explanation

Part 2: Using exponential smoothing, the forecasted demand for period 5 using the smoothing constant determined in image= ?

Consider the following actual (A+) and forecast (F₁) demand levels for a commercial multiline telephone at Office Max:
Time Period Actual Demand
At
45.0
48.0
56.0
46.0
1
2
3
4
5
-
Forecast Demand
Ft
45.00
45.00
45.60
47.68
?
The first forecast, F₁, was derived by observing A, and setting F, equal to A₁. Subsequent forecasts were derived by exponential smoothing.
The smoothing constant (a) used to derive the subsequent forecasts = (round your response to two decimal places). (Hint: To determine x, use either the relationship for
period 3 or 4.)

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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