P Take a Test Brody Horning Google Chrome https:// 133285456&centerwin; yes&from

Question

P Take a Test Brody Horning Google Chrome https:// 133285456&centerwin; yes&fromPlayerCheck; yes Test: Exam 1: Must Start by 8:00 AM Tuesday 6/7 K 21 (22 23 24 25 (26 (27) (28 29 (30 D D Time Remaining: 00:50:27 This Question: 1 pt This Test: 50 pts 16 Given the following data, use exponential smoothing (o 30-2) and assume the forecast for period 1 was 5. What is the forecast for period 3? Period Demand OA. 9.00 OB. 6.12. Oc. 5.40 OD. 5.00 E. 3.72 Click to select your answer. Previous Question Next Question Brody Horning 6/6/16 10:29 PM Overview 18 of 50 complete Submit Test 10 29 PM 6/6/2016

Explanation / Answer

Forecast for period 1 = 5

Actual Demand = 7

Error = Actual Demand – Forecast = (7 – 5 ) = 2

Forecast for period 2 = Previous Period Forecast + (Alpha * Error) = 5 + (0.2 * 2) = 5.4

Actual Demand for period 2 = 9

Error for period 2 = Actual Demand – Forecast = 9 – 5.4 = 3.6

Forecast for period 3 = Previous Period Forecast + (Alpha * Error) = 5.4 + (0.2 * 3.6) = 5.4 + 0.72 = 6.12

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