Demand for a certain item has been as shown below:The forecast for April was 100 units with a smoothing constant of 0.20 and usingfirst order exponential smoothing what is the July forecast? What do you thinkabout a 0.20 smoothing constant?TimeActual DemandApril200Мay50June150

Answered: what is the July forecast? What do yo

Engineering

Mechanical Engineering

what is the July forecast? What do yo

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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Question

Demand for a certain item has been as shown below:
The forecast for April was 100 units with a smoothing constant of 0.20 and using
first order exponential smoothing what is the July forecast? What do you think
about a 0.20 smoothing constant?
Time
Actual Demand
April
200
Мay
50
June
150

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