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yarga [219]
3 years ago
8

Given an actual demand this period of 61, a forecast value for this period of 58, and an alpha of 0.3, what is the experimential

smoothing forecast for the next period?
Mathematics
1 answer:
Gre4nikov [31]3 years ago
6 0

Answer:

Experimental smoothing forecast for the next period will be 58.9

Step-by-step explanation:

We have given actual demand is A_{t-1}=61

Initial forecast f_{t-1}=61 and \alpha =0.3

We have to find the experimental smoothing forecast f_t

Experimental forecast is given by

f_t=(1-\alpha )f_{t-1}+\alpha A_{t-1}=(1-0.3)\times 58+0.3\times 61=58.9

So experimental smoothing forecast for the next period will be 58.9

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