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

Generalized least squares regression, a. Estimate the following model,  C t...

a. Estimate the following model,  C t   =  β 0   +  β 1 * DI t +  ε t             Where C t = Aggregate Consumption Expenditure in Australia, quarterly data for the per

Determine the centralizer and the order of the conjugacy, Determine the cen...

Determine the centralizer and the order of the conjugacy: 1)      Determine the centralizer and the order of the conjugacy class of the matrix [1, 1; 0, 1] in Gl­ 2 (F 3 ).

NUMERABILITY, AFIGURE THIS OUT(3) (14) (17) (20) (25)= 8 WHAT ARE THE PROC...

AFIGURE THIS OUT(3) (14) (17) (20) (25)= 8 WHAT ARE THE PROCEDURES (-)(+)(x)(div) BETWEEN EACH NUMBER TO COME UP WITH 8 ?sk question #Minimum 100 words accepted#

Rational Number Application, in the horizontal bar event the u.s.a scored 2...

in the horizontal bar event the u.s.a scored 28.636,gremany scroed 28.7,romnia scored 27.962,and chain scored 28.537 points.which list shows these scored in descending order

Shares and dividends, suresh invested rs.1080 in shares of face value rs.50...

suresh invested rs.1080 in shares of face value rs.50 at rs.54.After receiving dividend on them at 8% he sold them at 52.In each of the transaction he paid 2 % brokerage.Hpw much d

Evaluate algebraic word problems, Evaluate algebraic word problems: A ...

Evaluate algebraic word problems: A utility has three nuclear facilities which supply a total of 600 megawatts (Mw) of electricity to a particular area.  The largest facility

#tnumarancyitle.., what is classification and how can you teach it?

what is classification and how can you teach it?

Functions of limits, Following is some more common functions that are "nice...

Following is some more common functions that are "nice enough". Polynomials are nice enough for all x's. If f ( x) = p ( x ) /q (x ) then f(x) will be nice enough provid

What is the formula to know total area square shaped quilt, Cathy is formin...

Cathy is forming a quilt out of fabric panels that are 6 in through 6 in. She needs to know the total area of her square-shaped quilt. Which formula will she use? The area of a

Write Your Message!

Captcha
Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd