OMG 322-32 Introduction to Operations Management Sandy Hemandez &I 9/20/18 6 29
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Question
OMG 322-32 Introduction to Operations Management Sandy Hemandez &I 9/20/18 6 29 R Homework: Chapter 4 HW Assignment Score: 0 of 1 pt 4 of 10 (2 complete) HW Score: 12%, 12of10 Problem 4.12 EQuestion Help Consider the Sollowing actual and forecast demand levels for Big Mac hamburgers at a local McDonalds restaurant Actual Demand 75 00 50.00 Forecast Demand Monday Tuesday Wednesday6600 Thursday 84.00 81.30 76.71 The treastfor Monday was denved by ebserving Monday's demand levid seeing Monday's forecast vel equ. to thi, demand ieved constant of 0 30 Using this exponential smoothing method, the forecast for Big Mac demand for Friday is Big Macs (round your nesponse to one decimal piace) St sequent frecasts were ed by using exp-al smeeting witamotng En your ansaer in the answer box and then cck Check Anser O Type hese to searExplanation / Answer
Answer is 68.7
Explanation:
The Formula for forecasting demand through exponential smootihng for the next period is given by
Forecast for current period= Demand for the previous period * smoothing constant + (1- smoothing constant) * forecast for the last period
Therefore,
Forecast for Friday = Actual Demand for Thursday * 0.3 + (1-0.3) * Forecast for Thursday
Forecast for Friday= 50 * 0.3 + (1-0.3)* 76.71
Forecast for Friday= 68.7
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