Suppose that a simple exponential smoothing model is used (with $a$
= 0.40)to forecast monthly sandwich sales at a local sandwich shop.The forecasted demand for September was 1560 and the actual demand was 1480 sandwiches.Given this information,what would be the forecast number of sandwiches for October?
A) 1480
B) 1528
C) 1560
D) 1592

Question

Quizplus · Accepted Answer

The forecast for October is calculated using the formula: $ F_{t+1} = F_t + a(D_t - F_t) $. Substituting the given values: $ F_{t+1} = 1560 + 0.40(1480 - 1560) = 1528 $.

Suppose That a Simple Exponential Smoothing Model Is Used (With aaa

Suppose That a Simple Exponential Smoothing Model Is Used (With $a$