Question

Using the data below, what is the simple exponential smoothing forecast for the 3rd week where a=0.3? Week Time Series Value 2.00 8.00 6.00 3.00 Submit Answer format: Number: Round to: 1 decimal places Based on the data below for chocolate demand per week and using the naive forecasting method, how much you should order for 5th week? Week Time Series Value 15.00 14.00 23.00 6.00 Submit Answer format: Number: Round to: O decimal places.

Answer 1

	9		Week	Data	ES(0.3) Forecasts
			1	2	2
			2	8	2+ 0.3 . (2-2) = 2
			3	6	2+ 0.3 .(8-2) = 3.82
			4	3	3.8+ 0.3 . (6-3.8) = 4.46
			5	-	4.46+ 0.3 . (3-4.46) = 4.022
			Hence, ES(0.3) forcaste for week 3 = 3.80
	8		Forecast period n=Yn−1​
			Period	Data	Naive Forecasts
			January	15	-
			February	14	15
			March	23	14
			April	6	23
			May	-	6
			Hence answer = 6