Company uses exponential smoothing to make forecasts

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1. Suppose that Bob's company uses exponential smoothing to make forecasts. Further suppose that last period's demand forecast was for 20,000 units (Ft) and last period's actual demand was 21,000 units (At). Bob's company uses a smoothing constant (alpha) of 0.4. What should be the forecast for this period?

2. Briefly compare and contrast the main contributions of the Classical Period and Behavioral Revolution to the development of public administration. In your response, identify at least two major scholars in these eras.

Reference no: EM132129063

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