Explore BrainMass

Explore BrainMass

    Forecasting Average Manufacturing

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The accompanying table shows average US manufacturing weekly hours over a period of 25 months.

    a) Use simple exponential smoothing, with smoothing constant 0.3, to predict future values of thie series.
    b) Graph the time series, together with forecasts for the next five months.
    c) Use the method of Trigg and leach, with δ=0.1, to derive forecasts through simple exponential smoothing with adaptive smoothing constant.

    Please see attached for table.

    © BrainMass Inc. brainmass.com March 6, 2023, 1:23 pm ad1c9bdddf


    Solution Preview

    a) The simple exponential smoothing (SES) model where d denotes a "smoothing constant" (a number between 0 and 1) and S(t) denotes the value of the smoothed series at period t.

    S(t) = dY(t) + (1-d) S(t-1)
    S = 1 ...

    Solution Summary

    The expert examines forecasting average manufacturing.