OPEARATIONS MANAG.REV CUSTOM 2017
17th Edition
ISBN: 9781323590058
Author: Pearson
Publisher: PEARSON C
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Chapter 4, Problem 18P
Consider the following actual (At) and
| TIME PERIOD, t | ACTUAL DEMAND, At | FORECAST HEMAND, Ft |
| 1 | 50 | 50 |
| 2 | 42 | 50 |
| 3 | 56 | 48 |
| 4 | 46 | 50 |
| 5 |
The first forecast, F1, was derived by observing A1 and setting F1 equal to A1. Subsequent forecast averages were derived by exponential smoothing. Using the exponential smoothing method, find the forecast for time period 5. (Hint: You need to first find the smoothing constant, α.)
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Consider the following actual (At) and forecast(Ft) demand levels for a commercial multiline telephone atOffice Max:
The first forecast, F1, was derived by observing A1 and settingF1 equal to A1. Subsequent forecast averages were derivedby exponential smoothing. Using the exponential smoothingmethod, find the forecast for time period 5. (Hint: You needto first find the smoothing constant, a.)
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Chapter 4 Solutions
OPEARATIONS MANAG.REV CUSTOM 2017
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