Homework Answers
For calculating forecast of the month August, we first have to calculate the forecast of month July.
We have, exponential smoothing, e = 0.8 and forecast for June = 164.
Formula for forecasting of a month(fm) :
= e * demand of previous month + (1 - e) * forecast of previous month.
Now fm for July = [ 0.8 * 165] + [ 0.2 * 164]
= 164.8.
Now fm for August = [0.8 * 178] + [ 0.2 * 164.8] = 175.36.
Hence the correct option is (b) 175.36
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