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The following tabulations are actual sales of units for six months. (assume F1 = A1) a. Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2 b. Calculate MAD for the forecasts   Actual (At) Forecast   (Ft) Jan 110   Feb 104   March 116   April 110   May 98   June 124

The following tabulations are actual sales of units for six months. (assume F1 = A1) a. Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2 b. Calculate MAD for the forecasts   Actual (At) Forecast   (Ft) Jan 110   Feb 104   March 116   April 110   May 98   June 124

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following tabulations are actual sales of units for six months. (assume F1 = A1)

a. Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2

b. Calculate MAD for the forecasts

 

Actual (At)

Forecast   (Ft)

Jan

110

 

Feb

104

 

March

116

 

April

110

 

May

98

 

June

124

 

 
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