Using simple exponential smoothing and the following time series data, respond to each of the items. Period Demand 1 104 2 132 3 143 4 137 5 146 6 150 7 101 8 126 9 116 10 115 Show work, please. Thank you!
Using simple exponential smoothing and the following time series data, respond to each of the items. Period Demand 1 104 2 132 3 143 4 137 5 146 6 150 7 101 8 126 9 116 10 115 Show work, please. Thank you!
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Using simple exponential smoothing and the following time series data, respond to each of the items.
Period | Demand |
1 | 104 |
2 | 132 |
3 | 143 |
4 | 137 |
5 | 146 |
6 | 150 |
7 | 101 |
8 | 126 |
9 | 116 |
10 | 115 |
Show work, please. Thank you!
![b. Compute all possible forecasts using a smoothing coefficient (a) of 0.3. (Negative amounts should be indicated by a minus sign.
Round your answers to 1 decimal place.)
Exponential
Śmooth
Period
Demand
Error
Absolute Error
1
104
2
132
3
143
4
137
146
150
7
101
126
116
10
115
11
c. Compute the MAD. (Round your answer to 2 decimal places.)
MAD
d. What is the forecast demand for period 11? (Round your answer to 1 decimal place.)
Period 11 forecast](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5541ef45-4397-4265-b662-29882e411e63%2Fe77278bf-4d2b-48ba-a00f-a7dbe3bb7b54%2F2ymg64_processed.png&w=3840&q=75)
Transcribed Image Text:b. Compute all possible forecasts using a smoothing coefficient (a) of 0.3. (Negative amounts should be indicated by a minus sign.
Round your answers to 1 decimal place.)
Exponential
Śmooth
Period
Demand
Error
Absolute Error
1
104
2
132
3
143
4
137
146
150
7
101
126
116
10
115
11
c. Compute the MAD. (Round your answer to 2 decimal places.)
MAD
d. What is the forecast demand for period 11? (Round your answer to 1 decimal place.)
Period 11 forecast
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman