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Using exponential smoothing with a = 0.40 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 4 Year Forecast 7.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses Year Forecast J whole numbers). 10 10 11 11 12

Using exponential smoothing with a = 0.40 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 4 Year Forecast 7.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses Year Forecast J whole numbers). 10 10 11 11 12

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following table shows the actual demand observed over the last 11 years: Year Demand Using exponential smoothing with a = 0.40 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 2 3 5 6 Year Forecast 1 7.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers). 2 3 Year Forecast 4 4 1 8 2 8 5 4 4 7 6 5 13 6 7 7 7 7 13 8 12 8 8 9 9 10 13 9 9 11 7 Q 10 10 11 11 12 12
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years: Year Demand Using exponential smoothing with a = 0.40 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 2 3 5 6 Year Forecast 1 7.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers). 2 3 Year Forecast 4 4 1 8 2 8 5 4 4 7 6 5 13 6 7 7 7 7 13 8 12 8 8 9 9 10 13 9 9 11 7 Q 10 10 11 11 12 12
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