Forecasting Techniques : Exponential Smoothing
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The following table shows the demand for an important item for months January through April. You decided to use the exponential smoothing with alpha= 0.3 and the forecast for January was 52. What is the forecasted demand for May?
Month Demand
January 55
February 52
March 56
April 64
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Solution Summary
Solution develops a demand forecast for the given period by using Exponential Smoothing Technique.
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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