Using exponential smoothing with α = 0.2, if the forecast for Period 5 was 270 and...
Using exponential smoothing with α = 0.2, if the forecast for Period 5 was 270 and the actual for Period 5 was 250, what is your forecast for Period 6? Round your answer to one decimal place.
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Using exponential smoothing with α = 0.2, if the forecast for
Period 5 was 270 and...
Given the following data, use exponential smoothing (α=0.2) to develop a demand forecast. Assume the forecast...
Given the following data, use exponential smoothing (α=0.2) to develop a demand forecast. Assume the forecast for the initial period is 5. Period Demand 4 5 7 913 8 The exponential smoothing forecast is (round your responses to two decimal places): Period 3 刄 7 Forecast 5.00
An analyst is using exponential smoothing to forecast the daily demand for a key product. The...
An analyst is using exponential smoothing to forecast the daily demand for a key product. The analyst starts with a naive forecast for time period 2, then begins using exponential smoothing with a smoothing constant of 0.15. The table below shows some of the calculations. period actual forecast 1 125 2 136 125 3 144 126.65 4 157 129.25 5 181 ? What is the predicted demand for time period 5? Round your answer to two decimal places. Period Actual...
The ollowing 12 periods of actual demand are to be used to produce a double exponential smoothin forecast or period 13. Use a smoothing constant α e 10 se 70 as the inna al to orecast values ll Click...
The ollowing 12 periods of actual demand are to be used to produce a double exponential smoothin forecast or period 13. Use a smoothing constant α e 10 se 70 as the inna al to orecast values ll Click the icon to view the demand for the previous 12 periods Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). More Info Period at FD(DES) 64 Period 35 70 41 64 35...
Use α = 0.2 to compute the exponential smoothing values for the time series. Compute MSE...
Use α = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7. If required, round your answers to two decimal places. What am i doing wrong in this problem?
Two experienced managers at Wilson Boat Inc. are resisting the introduction of a computerized exponential smoothing...
Two experienced managers at Wilson Boat Inc. are resisting the introduction of a computerized exponential smoothing system, claiming that their judgmental forecasts are much better than any computer could do. Their past record of predictions is as follows: Week Actual Demand Manager's Forecast 1 3,800 4,400 2 4,100 4,800 3 4,300 3,700 4 3,100 3,800 5 3,900 3,500 6 4,500 3,500 7 5,700 4,900 8 4,000 4,700 9 4,500 3,500 10 4,900 5,400 How would the manager’s forecast compare to...
A management analyst is using exponential smoothing to predict merchandise returns at an upscale branch of...
A management analyst is using exponential smoothing to predict merchandise returns at an upscale branch of a department store chain. Given an actual number of returns of 35 items in the most recent period completed, a forecast of 49 items for that period, and a smoothing constant of 0.50, what is the forecast for the next period? Round your answer to 2 decimal places.
Compute the forecast using exponential smoothing with a smoothing constant of 0.15 and a forecast for...
Compute the forecast using exponential smoothing with a smoothing constant of 0.15 and a forecast for Week 1 of 20,000. What is the MAD? Week Miles 1 21,000 2 25,000 3 24,000 4 26,000 5 22,000 6 25,000 7 24,000 8 24,000 9 22,000 10 24,000 11 23,000 12 24,000 13 23,000 14 22,000 15 24,000
Use the exponential smoothing technique to forecast the 2021 demand for production.
Use the exponential smoothing technique to forecast the 2021 demand for production. The α = .6; The company decided that the forecasting method that they were using started having problems in 2020 and wants to compare the exponential smoothing technique to their old technique starting with 2021’s forecast. What is the forecast for 2021? 19500 19300 20010.4 20010 20011
In Excel, create a forecast for periods 6-13 using the following method: Exponential smoothing (alpha =...
In Excel, create a forecast for periods 6-13 using the following method: Exponential smoothing (alpha = 0.23 and the forecast for period 5 = 53); With exponential smoothing, the forecast for period 13 will be: Period Data 1 45 2 52 3 48 4 59 5 55 6 55 7 64 8 58 9 73 10 66 11 69 12 74 Thank you :)
omework Help Problem 3-3 A dry cleaner uses exponential smoothing to forecast equipment usage at its...
omework Help Problem 3-3 A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 45 percent of capacity, actual usage was 52 percent of capacity A smoothing constant of 05 is used. o. Prepare a forecast for September (Round your final answer to 2 decimal places.) Forecast for September percent of capacity b. Assuming actual September usage of 52 percent, prepare a forecast for October usage. (Round your answer to...
Given the following data, use exponential smoothing (α=0.2) to develop a demand forecast. Assume the forecast for the initial period is 5. Period Demand 4 5 7 913 8 The exponential smoothing forecast is (round your responses to two decimal places): Period 3 刄 7 Forecast 5.00
The ollowing 12 periods of actual demand are to be used to produce a double exponential smoothin forecast or period 13. Use a smoothing constant α e 10 se 70 as the inna al to orecast values ll Click the icon to view the demand for the previous 12 periods Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). More Info Period at FD(DES) 64 Period 35 70 41 64 35...
Use α = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7. If required, round your answers to two decimal places. What am i doing wrong in this problem?
omework Help Problem 3-3 A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 45 percent of capacity, actual usage was 52 percent of capacity A smoothing constant of 05 is used. o. Prepare a forecast for September (Round your final answer to 2 decimal places.) Forecast for September percent of capacity b. Assuming actual September usage of 52 percent, prepare a forecast for October usage. (Round your answer to...
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