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qwelly [4]
3 years ago
6

Given an actual demand of 64, a previous forecast of 59, and an of .3, what would the forecast for the next period be using simp

le exponential smoothing
Mathematics
1 answer:
BartSMP [9]3 years ago
5 0

Answer: 60.5

Step-by-step explanation:

The forecast for the next period using the simple exponential smoothing method is given by:

D\times \alpha+F(1-\alpha) , where D= actual demand for the recent period, \alpha= smoothing factor, F= forecast for the recent period .

Given: D= 64, \alpha=0.34 , F= 59

The forecast for the next period  = 64\times0.3+59(1-0.3)

\\\\= 64\times0.3+59\times0.7\\\\=19.2+41.3\\\\=60.5

Hence, the forecast for the next period = 60.5

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