How to produce forecasts from the data

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Reference no: EM13176774

Sales at Morton Bakery over the past 10 weeks are given in the table below:

Week

Week t Sales ($)At

1 2500

2 2450

3 2680

4 2910

5 2450

6 2290

7 2460

8 2360

9 2540

10 2620

a) Use exponential smoothing with a smoothing constant of .6 to produce forecasts from the data. Use 2500 as your forecast of demand for week 2.

b) Use exponential smoothing with a smoothing constant of .3 to produce forecasts from the data. Use 2500 as your forecast of demand for week 2.

Reference no: EM13176774

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