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book Managing Supply Chain and Operations 1st Edition by Thomas Foster ,Scott Sampson,Cynthia Wallin,Scott Webb cover

Managing Supply Chain and Operations 1st Edition by Thomas Foster ,Scott Sampson,Cynthia Wallin,Scott Webb

Edition 1ISBN: 9780134110219
book Managing Supply Chain and Operations 1st Edition by Thomas Foster ,Scott Sampson,Cynthia Wallin,Scott Webb cover

Managing Supply Chain and Operations 1st Edition by Thomas Foster ,Scott Sampson,Cynthia Wallin,Scott Webb

Edition 1ISBN: 9780134110219
Exercise 5
The demand for a consumer product is fairly constant from week to week. The previous nine weeks of demand is shown below.
(Note:a t is the actual period's demand.)
Use the information to produce a single exponential smoothing forecast for period 10 using a smoothing constant, a t equal to 0.30. Use 455 as the initial forecast.

The demand for a consumer product is fairly constant from week to week. The previous nine weeks of demand is shown below.  (Note:a t is the actual period's demand.)  Use the information to produce a single exponential smoothing forecast for period 10 using a smoothing constant, a t equal to 0.30. Use 455 as the initial forecast.
Explanation
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Naive forecasting methods:
It is one of...

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Managing Supply Chain and Operations 1st Edition by Thomas Foster ,Scott Sampson,Cynthia Wallin,Scott Webb
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