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The table below shows the demand for Gadgets (they\'re like Widgets, only they\'

ID: 1183697 • Letter: T

Question

The table below shows the demand for Gadgets (they're like Widgets, only they're more mechanical) over a 5-month period. Calculate exponential smoothing forecasts for each month and for July. Use a coefficient of 0.5 and assume that the forecast for January was 8. Also evaluate the quality of the exponential smoothing model by calculating the root-mean-square error for the data set. Note: Round all intermediate calculations to 2 decimal places. Month Demand Table (Question 1) Jan. 10 Feb. 5 Mar. 10 Apr. 8 May 5 Jun. 10

Explanation / Answer

wheres the table??

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