Given an actual demand of 107, a previous forecast value of 109, and an alpha of...
Given an actual demand of 107, a previous forecast value of 109, and an alpha of 0.82, the exponential smoothing forecast for the next period would be (rounded to 2 decimals)
Homework Answers
For this the formula is as follows:
Ft+1=αAt+ (1-α) Ft
Here α=0.82
At=Actual Demand=107
Ft= Previous forecast value=109
Ft+1 = (0.82) (107) + (1-0.82) 109
= 87.74+ (0.18)109
=87.74+19.62
=107.36
The required answer is 107.36
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