Year | Demand |
---|---|
1 | 100 |
2 | 150 |
3 | 98 |
4 | 112 |
Using the exponential smoothing method the formula to calculate the forecast is as follows :
Ft = F(t-1) + [A(t - 1) - F(t - 1)]
Where, Ft = forecast for period t
A(t - 1) = Actual value for period previous to t
F(t - 1) = forecast for period previous to t
= smoothing constant
So using the above formula with = 0.3 and year 2 forecast of 100, the forecast for year 3 through 5 are
So forecast for year 5 is 110.5
A store has the following demand figures for the last four years: Year Demand 1 100...
A store has the following demand figures for the last four years: Year Demand 1 100 2 150 3 98 4 112 With a three-year moving average, what is the demand forecast for year 4? 116 105 120 124
The following table shows the actual demand observed over the last 4 years: ...
The following table shows the actual demand observed over the last 11 years Year 10 11 Demand 7 4 Using exponential smoothing with α = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 round your responses place) one decimal Year 2 4 10 12 Forecast 6.0
The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 8 8 6 10 11 7 12 13 10 9 8 Using exponential smoothing with a = 0.50 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 2 3 4 5 6 7 8 9 10 11 12...
The following table shows the actual demand observed over the last 4 years: Year 1 2 3 4 Demand 66 99 66 99 Using exponential smoothing with alphaαequals=0.400.40 and a forecast for year 1 of 5.05.0, provide the forecast from periods 2 through 5 (round your responses to one decimal place). Year 1 2 3 4 5 Forecast (ES) 5.05.0 nothing nothing nothing nothing
The business analyst for Video Sales, Inc. wants to forecast yearly demand for DVD decoders based on the following historical data: Year 5 years ago 4 years ago 3 years ago 2 years ago Last year Demand 900 700 600 500 300 Question 12 (5 points) What is the forecast for this year using a three-year simple moving average? 420 510 467 300 650 What is the forecast for last year using simple exponential smoothing with smoothing constant alpha =...
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The following table shows the actual demand observed over the last 11 years: 4 6 Year Demand 1 7 2 10 3 4 5 13 8 7 12 8 13 9 8 10 11 11 8 9 Using exponential smoothing with a = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 Forecast 6.0 2 0 3 0 4 0 5 0 6...
The following table shows the actual demand observed over the last 11 years: Year 3 4 6 8 9 10 11 1 2 7 Demand 10 6 11 9 12 12 10 8 6 7 0.30 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal Using exponential smoothing with place) Year 1 3 4 6 8 10 12 2 5 7 9 11 Forecast 5.0 Provide the...