Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. The following table contains the demand from the last 10 months:MONTH12345674568910a. Calculate the single exponential smoothing forecast for these data using an a of 0.10 and an initial forecast (F₁) of 33.Note: Round your answers to 2 decimal places.78910Month123ACTUALDEMAND33293233353235424445Answer is complete but not entirely correct.ExponentialSmoothingMonth1234567891033.00✔32.60 X32.5432.5932.7332.66✔32.7933.51 x34.1634.84b. Calculate the exponential smoothing with trend forecast for these data using an a of 0.10, a 5 of 0.20, an initial trend forecast (T₁) of1.00, and an initial exponentially smoothed forecast (F₁) of 32.00.Note: Round your answers to 2 decimal places.X Answer is not complete.FIT₁32.00 X33.8834.14✔

Exponential Forecast:Exponential forecast used is to forecast the data usually when data pattern is…

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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 25P: The file P13_25.xlsx contains the quarterly numbers of applications for home mortgage loans at a...

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Question

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

The following table contains the demand from the last 10 months:
MONTH
1
2
3
4
5
6
7
4
5
6
8
9
10
a. Calculate the single exponential smoothing forecast for these data using an a of 0.10 and an initial forecast (F₁) of 33.
Note: Round your answers to 2 decimal places.
7
8
9
10
Month
1
2
3
ACTUAL
DEMAND
33
29
32
33
35
32
35
42
44
45
Answer is complete but not entirely correct.
Exponential
Smoothing
Month
1
2
3
4
5
6
7
8
9
10
33.00✔
32.60 X
32.54
32.59
32.73
32.66✔
32.79
33.51 x
34.16
34.84
b. Calculate the exponential smoothing with trend forecast for these data using an a of 0.10, a 5 of 0.20, an initial trend forecast (T₁) of
1.00, and an initial exponentially smoothed forecast (F₁) of 32.00.
Note: Round your answers to 2 decimal places.
X Answer is not complete.
FIT₁
32.00 X
33.88
34.14✔

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