You are using exponential smoothing to forecast demand. For September, suppose youforecasted 165 units and actually sold 178 units. If you use an alpha value of 0.2. what will bethe exponential smoothing forecast for October?

We have the formula for the exponential forecast smoothing formula: Ft+1=αAt+(1−α)Ft Where At is…

Answered: You are using exponential smoothing to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. If you use an alpha value of 0.2. what will be the exponential smoothing forecast for October?