Using the data below, with a smoothing constant of 0.1 for t…
Using the data below, with a smoothing constant of 0.1 for the base and 0.6 for the trend, compute a trend-adjusted exponential smoothing forecast for period 2. (You are now at the end of period 1.) Period At Ft Tt 1 640 510 80 2
Read DetailsFor the next 2 questions, suppose the following had been com…
For the next 2 questions, suppose the following had been computed for a set of past forecasts. If the “one-number forecast for next period was 1000, what are the lowest and highest demands that we can possibly expect for next period, using a 99.7% confidence level? MSE = 126 MAPE = 21 Tracking Signal = +5 MAD = 8
Read DetailsUsing the same data as in the previous problem (repeated bel…
Using the same data as in the previous problem (repeated below), assume you had computed F2 to be 541, and that you had computed T2 to be 90. The trend-adjusted exponential smoothing forecast for period 3 would be Period At Ft Tt 1 640 510 80 2
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