Homework Answers
Exponential smoothing = Forecast of the previous week + Alpha x (Actual of the last week - Forecast of the previous week)
Forecast for week 2= 25
Actual for week 2 = 27
Forecast week 3 = 25 + 0.2 x (27-25)
F3= 25 + (0.2 x 2)
F3= 25 + 0.4
F3 = 25.04
Forecast week 4 = 25.04 + 0.2 (23- 25.04)
F4= 25.04 + (0.2 x -2.04)
F4= 24.632
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