Forecasting-Exponential Smoothing

The following data summarizes the historical demand for a product

Month Actual demand
March 20
April 25
May 40
June 35
July 30
August 45

Use exponential smoothing with x=.2 and the smoothed forecast for July is 32 and determine August and September's smoothed forecasts.

Solution Summary

Exponential smoothing has been used for making forecasts.