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

Pre calc, - Find the total surface area of a frustum of a cone. (Include to...

- Find the total surface area of a frustum of a cone. (Include top and bottom). The equation that I have for volume is v=1/3 pi x h(r^2+rR+R^2) -the equation that I have found fo

Prime factorization, can you help me

can you help me

Harmonic proression, i want aasignment on this topic

i want aasignment on this topic

Mensuration, In an equilateral triangle 3 coins of radius 1cm each are kept...

In an equilateral triangle 3 coins of radius 1cm each are kept along such that they touch each other and also the side of the triangle. Determine the side and area of the triangle.

GCF, Find the GCF of 70 and 112

Find the GCF of 70 and 112

Mutiply, what is 600x6

what is 600x6

Marvin helping teachers plan trip what is the minimum no, Marvin is helping...

Marvin is helping his teachers plan a ?eld trip. There are 125 people going on the ?eld trip and each school bus holds 48 people. What is the minimum number of school buses they wi

What will the day of the week be the further time at the gym, Max goes to t...

Max goes to the gym every fourth day. Ellen's exercise routine is to go every third day. Today is Monday and both Max and Ellen are at the gym. What will the day of the week be the

Rolles theorem, Rolle's Theorem Assume f(x) is a function which satis...

Rolle's Theorem Assume f(x) is a function which satisfies all of the following. 1. f(x) is continuous in the closed interval [a,b]. 2. f(x) is differentiable in the ope

Measures of skewness-measure of central tendency, Measures Of Skewness ...

Measures Of Skewness - These are numerical values such assist in evaluating the degree of deviation of a frequency distribution from the general distribution. - Given are t

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