Score: 11 of 22 pts 6018(5 complete) HW Score: 39%, 39 Problem 4.3a Question l T

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Score: 11 of 22 pts 6018(5 complete) HW Score: 39%, 39 Problem 4.3a Question l The following table shows the actual demand observed over the last 11 years Year 9 10 11 9 12 812 12 8 Using exponential smoothing with : 0 40 and a forecast for year 1 of 5 0, provide the forecast from periods 2 through 12 decimal place) round your responses to one Year Forecast 23456810 11 12 54 68 61 73 92 87 100 10.8 9.7 94 8.0 50 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers) Year 9 10 11 12 Forecast Enter your answer in the edit fields and then click Check Answer All parts showing

Explanation / Answer

naive forecast is the simplest possible forecast which assume that tomorrow will be like today.

2nd year's forecast would be 1st year's actual demand,3rd year forecast would be 2nd year's actual demand and so on.

year 2 3 4 5 6 7 8 9 10 11 12 forecast 6 9 5 9 12 8 12 12 8 9 6

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