Year Demand Year Forecast 2 3 3 1 2 4 5 6 8 10 9 11 7 14 10 Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place) 7 10 11 12 1 7.0 6 4 5 7 12 6 8 10 13 9 8
Year Demand Year Forecast 2 3 3 1 2 4 5 6 8 10 9 11 7 14 10 Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place) 7 10 11 12 1 7.0 6 4 5 7 12 6 8 10 13 9 8
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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![The following table shows the actual demand observed over the last 11 years:
Year
1
Forecast 7.0
2
10
2
3
6
4
6
7
12
1
4
5
6
8
Year
Demand
8
9
11
7
14
Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).
5
3
12
10
7
8
9
10
9
10
13
11
8
11
D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F263edd0f-32ef-44d4-a9f5-bdc5d66df7b1%2Fab114c90-efc4-44c0-803d-777c6613c7c6%2Fl2dt7a9q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years:
Year
1
Forecast 7.0
2
10
2
3
6
4
6
7
12
1
4
5
6
8
Year
Demand
8
9
11
7
14
Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).
5
3
12
10
7
8
9
10
9
10
13
11
8
11
D
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