Use Solver to determine the alpha that minimizes the MAD for the exponential smoothing forecast for the data that appear in this table. Use the actual demand of period 1 as the forecast for period 2 and then use the forecasts for periods 2 through 9 to calculate MAD.
Period | Demand |
1 | 272 |
2 | 278 |
3 | 269 |
4 | 280 |
5 | 267 |
6 | 258 |
7 | 278 |
8 | 298 |
9 | 286 |
10 | 290 |
0.43 |
||
0.36 |
||
0.54 |
||
0.62 |
The model is shown below
The formulas are shown below
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The result is shown below
The answer is 0.54
Use Solver to determine the alpha that minimizes the MAD for the exponential smoothing forecast for...
Use Solver to determine the alpha that minimizes the MSE for the exponential smoothing forecast for the data that appear in this table. Use the actual demand of period 1 as the forecast for period 2 and then use the forecasts for periods 2 through 9 to calculate MSE. Period Demand 1 272 2 278 3 269 4 280 5 267 6 258 7 278 8 298 9 286 10 290 0.66 0.39 0.57 0.48
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