Demand for a new compact DVD player by Blaster Movies is as follows: Period Demand (units) 1 140 2 144 3 152 4 165 What is the f
orecast for period 5 if the company uses the simple exponential smoothing method with a
1 answer:
Answer: 177.5
Explanation:
The forecast for period 5 using the Exponential Smoothing formula is;
F( t + 1 ) = Ft + a ( At - Ft )
Where,
a is the smoothing constant
At is the actual demand for the preceding period
Ft is the forecasted demand for the preceding period
= F4 + a ( A4- F4 )
= 190 +0.5 ( 165 - 190 )
= 177.5
The full question is attached.
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