Forecast value using data and a smoothing constant alpha, Operation Management

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Forecast value using data and a smoothing constant alpha

As a consultant you have been asked to generate a unit demand forecast for a product for year 2012 using exponential smoothing. The actual demand in year 2011 was 750. The forecast demand in year 2011 was 960. Using this data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2012 forecast value?

A) 1,023
B) 813
C) 897
D) 766

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Operation Management: Forecast value using data and a smoothing constant alpha

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Operation Management: Forecast value using data and a smoothing constant alpha

Reference No:- TGS081021

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : Discuss key elements of pert-cpm to include outcomes

Q : Problem based on sole proprietorship

Q : What were quickylube''s labor price

Q : Look in the refrigerator and find an orange drink

Q : Forecast value using data and a smoothing constant alpha

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Q : Water temperature are needed for yeast''s survival

Q : Eileen recognizes gain on the transfer

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: Forecast value using data and a smoothing constant alpha

Reference No:- TGS081021

Recent Questions Asked Operation Management

Q : Discuss key elements of pert-cpm to include outcomes

Q : Problem based on sole proprietorship

Q : What were quickylube''s labor price

Q : Look in the refrigerator and find an orange drink

Q : Forecast value using data and a smoothing constant alpha

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Q : Water temperature are needed for yeast''s survival

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