Exponential smoothing
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A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 44 million. A smoothing constant of .2 is used.
What is the forecast for July?
____________ million checks
Round your answer to 1 decimal place; for example, 12.3 .
If the center received 45 million checks in July, what would be the forecast for August?
____________ million checks
Round your answer to 1 decimal place; for example, 12.3 .
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Solution Summary
Solution contains calculations of expected number of checks receivable in July.
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Hi,
Forecast for June = 44 million
Actual demand for June = 40 million
Alpha (smoothing constant) = ...
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