Homework Answers
Exponential forecasting coefficient ? = 0.30,
For Period t, Actual Demand is = At
Forecast = Ft
Exponential Forecast Ft = Ft-1 + ? (At-1 - Ft-1)
| Period | at | Ft |
| 1 | 508 | 508 |
| 2 | 558 | 508.00 |
| 3 | 520 | 523.00 |
| 4 | 658 | 522.10 |
| 5 | 710 | 562.87 |
| 6 | 602 | 607.01 |
| 7 | 784 | 605.51 |
| 8 | 693 | 659.05 |
| 9 | 871 | 669.24 |
| 10 | 893 | 729.77 |
| 11 | 819 | 778.74 |
| 12 | 854 | 790.82 |
| 13 | 809.77 |
Hence, Forecast for Period 13 = 809.77
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