Consider the following data:
$$\begin{array} { c c }
\text { Time } & \text { Demand } \
1 & 17 \
2 & 21 \
3 & 19 \
4 & 23 \
5 & 18 \
6 & 16 \
7 & 20 \
8 & 18 \
9 & 22 \
10 & 20 \
11 & 15 \
12 & 22
\end{array}$$
-Use simple exponential smoothing with ? = 0.2.Determine the value of the forecast error for time period 1.

Question

Consider the following data:
$$\begin{array} { c c } 
\text { Time } & \text { Demand } \
1 & 17 \
2 & 21 \
3 & 19 \
4 & 23 \
5 & 18 \
6 & 16 \
7 & 20 \
8 & 18 \
9 & 22 \
10 & 20 \
11 & 15 \
12 & 22
\end{array}$$
-Use simple exponential smoothing with ? = 0.2.Determine the value of the forecast error for time period 1.

Quizplus · Accepted Answer

The Answer of Consider the following data:
$$\begin{array} { c c } 
\text { Time } & \text { Demand } \
1 & 17 \
2 & 21 \
3 & 19 \
4 & 23 \
5 & 18 \
6 & 16 \
7 & 20 \
8 & 18 \
9 & 22 \
10 & 20 \
11 & 15 \
12 & 22
\end{array}$$
-Use simple exponential smoothing with ? = 0.2.Determine the value of the forecast error for time period 1.

Consider the Following Data -Use Simple Exponential Smoothing with ? = 0