Given a demand of 19 for the most recent period 1, use α =.2 and β...
Given a demand of 19 for the most recent period 1, use α =.2 and β =.3 to create a trend enhanced smoothing adjusted forecast (FIT2). Assume that FIT1 = 20 and T1 = 7. The correct answer is closest to:
Group of answer choices
26.74
31.3
21.4
23.2
Homework Answers
Answer: 26.74
Explanation:
| 341 | B | C | D | E | F |
| 342 | 0.2 | 0.3 | |||
| 343 | Period, t | ACTUAL, At | Exponential smoothing, Ft | Trend, Tt | forecast including trend, FITt |
| 344 | 1 | 19 | 7.00 | 20.00 | |
| 345 | 2 | 19.80 | 6.94 | 26.74 |
Formulae
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Given a demand of 19 for the most recent period 1, use α =.2 and
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