Maria Exports Limited is a major garment export house based on China. The sales figures (in1000 units) of a particular garment during the past 20 weeks are given in table below.23.0421.9423.94Week123.6823456789103555754811121314151617181920Demand212418222723Find the simple exponential smoothing forecast for all the 20 weeks and also forecast thedemand for 21" week. Assume a = 0.2 and F₁ = 21. (Round to two decimals)2125271819222624172129272325

The forecasting process can involve the use of different methods like the moving average, weighted…

Answered: Find the simple exponential smoothing…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Please do not give solution in image formate thanku. Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can schedule service personnel. Use the actual demand in the first period for the forecast for the first week so error measurement begins in the second week. The manager uses exponential smoothing with α = 0.5 Forecast the number of calls for week 6, which is next week. WEEK ACTUAL SERVICE CALLS 1 28 2 32 3 40 4 27 5 30

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Find the simple exponential smoothing forecast for all the 20 weeks and also forecast the demand for 21" week. Assume a=0.2 and F, 21. (Round to two decimals)