The following table shows the actual demand observed over the last 11 years:Year2357.1011Demand10131713121011Using exponential smoothing with a = 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).Year247.101112isForecast 5.0

here given data for demand with respective year exponential smoothing factor is 0.4

Answered: Using exponential smoothing with a 0.40…

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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Using exponential smoothing with a 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).