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

COMPUTERISED PAYROLL PACKAGES, TYPES OF COMPUTERISED PAYROLL PACKAGES

TYPES OF COMPUTERISED PAYROLL PACKAGES

Comperised payrolll package, a computerized payroll package and its cost,fu...

a computerized payroll package and its cost,futures and the size of the business and how business mathematics is an inbuilt component of the package

the bug should start to move in order to increase, The temperature at the ...

The temperature at the point (x, y) on a metal plate is given by the function f(x, y) = x 3 + 4xy + y 2 where f is in degrees Fahrenheit and x and y are in inches, with the origin

Evaluate this integral value, The base of a right cylinder is the circle in...

The base of a right cylinder is the circle in the xy -plane with centre O and radius 3 units. A wedge is obtained by cutting this cylinder with the plane through the y -axis in

Regrouping addition, how do you regroup?

how do you regroup?

Solid mensuration, what is the importance of solid mensuration?

what is the importance of solid mensuration?

Types of distribution, Types of distribution Population distribution ...

Types of distribution Population distribution This refers to the distribution of the individual values of population. This mean it is denoted by 'µ' Sample distributi

Statistics, what is meant by "measure of location"

what is meant by "measure of location"

Trig identities, What is the exact vale of sin(theta/2) when sintheta=3/5, ...

What is the exact vale of sin(theta/2) when sintheta=3/5, pi/2

Function of a function, Function of a Function Suppose ...

Function of a Function Suppose y is a function of z, y = f(z) and z is a function of x, z = g(x)

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