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

State demorgans law and prove it using the truth table, State DeMorgan's la...

State DeMorgan's law. Prove it using the truth table. Ans: DeMorgan's law defines that (i) (x ∨ y)' = x' ∧ y' (ii) (x ∧ y)' = x' ∨ y' Now let us dr

Find the evaluation of angle, In parallelogram ABCD, ∠A = 5x + 2 and ∠C = 6...

In parallelogram ABCD, ∠A = 5x + 2 and ∠C = 6x - 4. Find the evaluation of ∠A. a. 32° b. 6° c. 84.7° d. 44° a. Opposite angles of a parallelogram are same in measu

Find out ratio, the sides of a right angle triangle are a,a+d,a+2d with a a...

the sides of a right angle triangle are a,a+d,a+2d with a and d both positive.the ratio of a to d a)1:2 b)1:3 c)3:1 d)5:2 answer is (c) i.e. 3:1 Solution: Applying

Interpretations of derivatives, Interpretations of derivatives. Exampl...

Interpretations of derivatives. Example: Find out the equation of the tangent line to x 2 + y 2 =9 at the point (2, √5 ) .

PROBABILITY, Find the probability of drawing a diamond card in each of the ...

Find the probability of drawing a diamond card in each of the consecutive draws from a well shuffled pack of cards,if the card drawn is not replaced after the first draw.

Geometry, what is 200-34-40

what is 200-34-40

The Bake Sale, Lindy has 48 chocolate chip cookies and 64 vanilla wafer coo...

Lindy has 48 chocolate chip cookies and 64 vanilla wafer cookies. How many bags can Lindy fill if she puts the chocolate chip cookies and the vanilla wafers in the same bag? She pl

Aging, The average age of a woman and her daughter is 16 years. The ratio o...

The average age of a woman and her daughter is 16 years. The ratio of their ages is 7: 1. Then the woman''s age is

Minimax regret method -decision making under uncertainty, MINIMAX regret me...

MINIMAX regret method Minimax method assumes that the decision maker will experience 'regret' after he has made the decision and the events have happened. The decision maker ch

Determine the length of the rectangle, The height of a rectangle is 20 cm. ...

The height of a rectangle is 20 cm. The diagonal is 8 cm more than the length. Determine the length of the rectangle. a. 20 b. 23 c. 22 d. 21 d. To determine the len

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages