What is the Simple Exponential Smoothing forecast for September if we use alpha smoothing constant of .2 and March initial forecast is 19? Month Month Sales Feb 1 19 Mar 2 18 Apr 3 15 May 4 20 Jun 5 18 Jul 6 22 Aug 7 20
What is the Simple Exponential Smoothing forecast for September if we use alpha smoothing constant of .2 and March initial forecast is 19? Month Month Sales Feb 1 19 Mar 2 18 Apr 3 15 May 4 20 Jun 5 18 Jul 6 22 Aug 7 20
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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Question
What is the Simple Exponential Smoothing
Month |
Month |
Sales |
Feb |
1 |
19 |
Mar |
2 |
18 |
Apr |
3 |
15 |
May |
4 |
20 |
Jun |
5 |
18 |
Jul |
6 |
22 |
Aug |
7 |
20 |
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