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Please help. Im stuck on the exponential smoothing part of this problem. Here are the actual...

Please help. Im stuck on the exponential smoothing part of this problem.

Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better over this period.

MONTH ACTUAL
January 110
February 130
March 150
April 170
May 160
June 180
July 140
August 130
September 140

a. Forecast April through September using a three-month moving average. (Round your answers to 1 decimal place.)

  Month Three-Month
Moving Average
April
May
June
July
August
September

b. Use simple exponential smoothing with an alpha of 0.3 to estimate April through September, using the average of January through March as the initial forecast for April. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Month Exponential
Smoothing
April
May
June
July
August

September

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Answer #1


Exponential smoothening seems to be the best option because of less variation from actuals

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