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

Michael has 16 cds how many cds does kathleen have, Michael has 16 CDs. Th...

Michael has 16 CDs. This is four more than twice the amount that Kathleen has. How many CDs does Kathleen have? Let x = the number of CDs Kathleen has. Four more than twice th

Math, A small square is located inside a bigger square. The length of the s...

A small square is located inside a bigger square. The length of the small square is 3 in. The length of the large square is 7m. What is the area of the big square if you take out t

Describe about arithmetic and geometric series, Describe about Arithmetic a...

Describe about Arithmetic and Geometric Series? When the terms of a sequence are added together instead of separated by commas, the sequence becomes a series. You will use seri

Rules of game theory, Rules Of Game Theory i. The number of competito...

Rules Of Game Theory i. The number of competitors is finite ii. There is conflict of interests among the participants iii. Each of these participants has available t

Determine the distance, Two planes leave the airport at the similar time. M...

Two planes leave the airport at the similar time. Minutes later, plane A is 70 miles due north of the airport and plane B is 168 miles due east of the airport. Determine the distan

Algebra, 3x2 +7x +4

3x2 +7x +4

Pre-calculus, finding the vertex for the function of the form f(x)=ax^2+bx...

finding the vertex for the function of the form f(x)=ax^2+bx+c

Shape, shape

shape

Quantitative, A lobster catcher spends $12 500 per month to maintain a lobs...

A lobster catcher spends $12 500 per month to maintain a lobster boat. He plans to catch an average of 20 days per month during lobster season. For each day, he must allow approx

Simplifying rational expressions, I need to simple this rational expression...

I need to simple this rational expression, but I can''t figure out how. (x+1)/(x^2-2x-35)+(x^2+x-12)/(x^2-2x-24)(x^2-4x-12)/(x^2+2x-15)

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages