Using simple exponential smoothing and the following time series data, respond to each of the items.   Period D

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
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Author:Carter
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Chapter10: Statistics
Section10.2: Representing Data
Problem 10PPS
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Using simple exponential smoothing and the following time series data, respond to each of the items.
 

Period Demand
1 72
2 60
3 27
4 52
5 26
6 46
7 52
8 28
9 53
10 50
11 57
12 87
13 22
14 56
 

Please show work.

c. Compute all possible forecasts using a smoothing coefficient (a) of 0.9. (Negative amounts should be indicated by a minus sign.
Round your answers to 2 decimal places.)
Exponential
Smooth
Period
Demand
Error
Absolute Error
1
72
60
3
27
4
52
26
6
46
7
52
8
28
9.
53
10
50
11
57
12
87
13
22
14
56
15
d. Compute the MADS for each exponential smoothing forecast. (Round your answers to 2 decimal places.)
Average Forecast
For an alpha of 0.4, the MAD
For an alpha of 0.9, the MAD
Transcribed Image Text:c. Compute all possible forecasts using a smoothing coefficient (a) of 0.9. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Exponential Smooth Period Demand Error Absolute Error 1 72 60 3 27 4 52 26 6 46 7 52 8 28 9. 53 10 50 11 57 12 87 13 22 14 56 15 d. Compute the MADS for each exponential smoothing forecast. (Round your answers to 2 decimal places.) Average Forecast For an alpha of 0.4, the MAD For an alpha of 0.9, the MAD
b. Compute all possible forecasts using a smoothing coefficient (a) of 0.4. (Negative amounts should be indicated by a minus sign.
Round
your answers to 2 decimal places.)
Exponential
Smooth
Period
Demand
Error
Absolute Error
1
72
60
27
4
52
5
26
6
46
7
52
8
28
9
53
10
50
11
57
12
87
13
22
14
56
15
Transcribed Image Text:b. Compute all possible forecasts using a smoothing coefficient (a) of 0.4. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Exponential Smooth Period Demand Error Absolute Error 1 72 60 27 4 52 5 26 6 46 7 52 8 28 9 53 10 50 11 57 12 87 13 22 14 56 15
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