Example of exponential smoothing, Mathematics

Assignment Help:

Example of Exponential Smoothing

By using the previous example and smoothing constant 0.3 generate monthly forecasts

Months	Sales	Forecasts: a = 0.3
January	1200
February	1280	1200
March	1310	1224
April	1270	1250
May	1190	1256
June	1290	1233
July	1410	1250
August	1360	1283
September	1430	1327
October	1280	1358
November	1410	1335
December	1390	1357

Solution

Since there were no forecasts before January we take Jan to be the forecast for February.

∴ Feb - 1200

For March;

March forecast = Feb forecast + 0.3 ( Feb sales - Feb forecast)

= 1200 + 0.3 (1280 - 1200) =1224

Note:

The value a lies between 1 and 0.
The higher a value, the extra forecast is sensitive to the current status.

Related Discussions:- Example of exponential smoothing

Define the correlations, A retention counselor at a state university believ...

A retention counselor at a state university believes that freshman year success is related to high school standard tests in math and reading, and in the number of credits the stude

Complex Numbers, How do you compute the phase/angle of a complex number? i....

How do you compute the phase/angle of a complex number? i.e 1+2i

Prove that a simple graph is connected, Prove that a simple graph is connec...

Prove that a simple graph is connected if and only if it has a spanning tree. Ans: First assume that a simple graph G has a spanning tree T. T consists of every node of G.

How to converting percents to fractions, How to Converting Percents to Frac...

How to Converting Percents to Fractions ? To convert a percent to a fraction: 1. Remove the percent sign. 2. Create a fraction, in which the resulting number from Step 1 is

Polynomial functions, is 4x-9 a polynomial function?

is 4x-9 a polynomial function?

Group automorphism, (a) Find an example of groups G, H, K with K H and H...

(a) Find an example of groups G, H, K with K H and H G but K G. (b) A subgroup H of G is characteristic if σ(H) ⊆ H for every group automorphism σ of G. Show that eve

Sample of proportion program., help me with how to write sample of proport...

help me with how to write sample of proportion using visual basic

Calculate moving average, Calculate Moving Average The table given bel...

Calculate Moving Average The table given below represents company sales; calculate 3 and 6 monthly moving averages, for data Months Sales

Marketing research, Discuss the role research would play during your decisi...

Discuss the role research would play during your decision making

Calculate, monomet

monomet

Write Your Message!

Name

Email id

Message

Verfication Code

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages