Edit View History Bookmarks Window Help 30%D Sun MANAGEMENT OF OPERATIONS (1) Ho

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Edit View History Bookmarks Window Help 30%D Sun MANAGEMENT OF OPERATIONS (1) Homework: Homework 4 Score: 0 of 1 pt Problem 4.4 Chris Mazza3/25/18 11:52 AM 3of 10(1 complete) HYV Score: 1.67%, 0.17°f10p E Question Help A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number af checks received in June was 40 milon while the forecast was 41 million. A smoothing constant of 0.15 is used a) Using exponential smoothing and given a, the forecast for the month of Juymillion checks received (round your response to one decimal place Enter your answer in Clear All emaining

Explanation / Answer

The formula which we use is

July month forecast= June forecast+ smoothing constant (actual checks in June – forecast for June)

=41000000+0.15(40000000-41000000)

=40950000-150000

=40850000

40.85 million.

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