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    Yearly Forecast Analysis

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    Perform an exponential smoothing forecast with α=0.3 with the following data. Use the demand for the month of January for the initial forecast.

    Month Demand
    January 21
    February 23
    March 34
    April 32
    May 33
    June 35
    July 30
    August 26
    September 24
    October 25
    November 26
    December 28

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    Solution Summary

    This solution contains an exponential smoothing forecast that has been performed on the given data with all workings and formulas shown in an excel file.