The following data summarizes the historical demand for a product. Month Actual
ID: 2900467 • Letter: T
Question
The following data summarizes the historical demand for a product.Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45
Use exponential smoothing with ? = .2 and the smoothed forecast for July is 32. Determine the smoothed forecast for August. The following data summarizes the historical demand for a product.
Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45
Use exponential smoothing with ? = .2 and the smoothed forecast for July is 32. Determine the smoothed forecast for August. Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45
Explanation / Answer
Forecast august=40+0.2+35+0.3+30+0.5=33.5
Forecast septembert=35+0.2+30+0.3+45+0.5=38.5
onth
Actual Demand
forecast
March
20
-
April
25
-
May
40
-
June
35
31.5
July
30
34.5
August
45
33.5
septemebr
-
38.5
onth
Actual Demand
forecast
March
20
-
April
25
-
May
40
-
June
35
31.5
July
30
34.5
August
45
33.5
septemebr
-
38.5
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