Exhibit 8-2 . The past demand data shown below can be regarded as having a horiz
ID: 3178604 • Letter: E
Question
Exhibit 8-2. The past demand data shown below can be regarded as having a horizontal pattern.
Month
Demand
January
40
February
45
March
50
April
Refer to Exhibit 8-2. What is the forecast for March found by the exponential smoothing method with a smoothing constant of 0.3?
42.8
40
41.5
39.5
Refer to Exhibit 8-2. What is the absolute percentage error of the forecast for March found by the exponential smoothing method with a smoothing constant of 0.3?
2.5%
17%
18%
-19%
Month
Demand
January
40
February
45
March
50
April
37Explanation / Answer
1) 41.5 option C
2) 17% option B
Month Demand(A) forecast(F) |A-F|/A January 40 February 45 40 March 50 41.5 0.17 April 37 44.05Related Questions
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