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

Applications of series - differential equations, Series Solutions to Differ...

Series Solutions to Differential Equations Here now that we know how to illustrate function as power series we can now talk about at least some applications of series. There ar

Adding and subtracting fractions, 17/58-5/87+7/18

17/58-5/87+7/18

Solution to an equation or inequality, First, a solution to an equation or ...

First, a solution to an equation or inequality is any number that, while plugged into the equation/inequality, will satisfy the equation/inequality. Thus, just what do we mean by

Invertible Matrices - Logical equivalence, 10 statements must be shown to b...

10 statements must be shown to be logically equivalent to the Statement the nxn matrix is invertible.

Number theory, modular arithematic

modular arithematic

Tangent, Tangent, Normal and Binormal Vectors In this part we want to ...

Tangent, Normal and Binormal Vectors In this part we want to look at an application of derivatives for vector functions. In fact, there are a couple of applications, but they

Computer programming, program sample for proportion

program sample for proportion

Speed and distance, Two trains were traveling in opposite directions, movin...

Two trains were traveling in opposite directions, moving away from one another. One train was moving at 5 miles per hour. The other train was moving at 6 miles per hour. They were

Calculus, The law of cosines can only be applied to acute triangles. Is thi...

The law of cosines can only be applied to acute triangles. Is this true or false?

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

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