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

Bachet equation, Explain Bachet Equation?

Explain Bachet Equation?

What would this expression simplify to, If 3x2 is multiplied by the quantit...

If 3x2 is multiplied by the quantity 2x3y raised to the fourth power, what would this expression simplify to? The statement in the question would translate to 3x 2 (2x 3 y) 4 .

Determine the mass of the hemisphere, Question 1. Use cylindrical coordinat...

Question 1. Use cylindrical coordinates to nd the mass of the solid of density e z which lies in the closed region Question 2. The density of a hemisphere of radius a (y

Unconditional and conditional probability, Two events A and B are ind...

Two events A and B are independent events if the occurrence of event A is in no way related to the occurrence or non-occurrence of event B. Likewise for independent

#title.equaction answer, 4+15-(4-1/2)

4+15-(4-1/2)

#title.simpal harmonic motion., #questionShow that the system oscillates in...

#questionShow that the system oscillates in simple harmonic motion demonstrated by; , for which the general solution where X = (x – x0)..

Sum, As1212uestion #Minimum 100 words accepted#

As1212uestion #Minimum 100 words accepted#

Area related to circle, If ABCD isaa square of side 6 cm find area of shad...

If ABCD isaa square of side 6 cm find area of shaded region

Quardrilatrel, construct aquadrilaterl PQRSin which pq=3.5cm qr=6.5cm ,p=60...

construct aquadrilaterl PQRSin which pq=3.5cm qr=6.5cm ,p=60 ,q=105 ,s=75

Symmetric and anti-symmetric relation on a set, 1. Let A = {1,2, 3,..., n} ...

1. Let A = {1,2, 3,..., n} (a) How many relations on A are both symmetric and anti-symmetric? (b) If R is a relation on A that is anti-symmetric, what is the maximum number o

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