We appreciate your visit to Given an actual demand of 105 a previous forecast value of 99 and an alpha of 0 3 what is the exponential smoothing forecast for. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
Using the exponential smoothing method, with an actual demand of 105, a previous forecast of 99, and an alpha of .3, the forecast for the next period is calculated to be 100.8.
Explanation:
The question relates to the calculation of the next period's forecast using exponential smoothing. Exponential smoothing is a rule of thumb technique for smoothing time series data using the exponential window function. Given the actual demand (At) of 105, the previous forecast (Ft-1) of 99, and an alpha (α) of .3, the formula to calculate the new forecast (Ft) is:
Ft = α * At + (1 - α) * Ft-1
Substituting the given values:
Ft = .3 * 105 + (1 - .3) * 99
Ft = 31.5 + 69.3
Ft = 100.8
Therefore, the exponential smoothing forecast for the next period would be 100.8.
Thanks for taking the time to read Given an actual demand of 105 a previous forecast value of 99 and an alpha of 0 3 what is the exponential smoothing forecast for. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
