w History Bookmarks People Window Help Secure R 360-Summer 2018-701Contents Your

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w History Bookmarks People Window Help Secure R 360-Summer 2018-701Contents Your Submission: 1120aab/1870725677863772161/ CourseLindsey McCar Started on Jun 03 at 21:42 You are a manager at Asda. You have been given the demand data for the past 10 weeks for Nordic Walking Sticks. You decide to run three dferent ypes of forecasting methods on the data to see which gives you best forecast. If you use exponential smoothing with alpha 3, what would your forecast be for week 222 me seed forecast for week 21 is 1267 Week Demand 12 13 1307 14 1261 1 1258 16 1267 17 18 1268 19 20 1277 21 1317 1256 1277 1297 .1336 b. 1280 c. 1284 d. 1468 e. None of the above

Explanation / Answer

Formula for exponential smoothening is

Ft+1 = Alpha*At + (1-Alpha)*Ft

Where At is the actual demand and Ft is the forecasted demand

F22 = 0.3*1297+0.7*1267 = 1276

Therefore , answer is option E. None of these

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