Given the period 1's demand of 62 and forecast of 65, what is the exponential smoothing...

Question

Question

Answer 1

Answer #1

Answer: a) 63.8

Exponential Smoothing For 2nd Period will be calculated by the formula ,

F2 = a×At + ( 1-a) × Ft1

a = Smoothing Constant

At = Actual demand for the previous period that is for period 1.

Ft1 means = Forecast for previous period

Hence, F2= 0.4 × 62 + ( 1- 0.4) × 65

= 24.8 + 0.6× 65

= 24.8+ 39

= 63.8 Ans

Answer 2

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