Recent past demand for product ZXT is given in the following table.
$$\begin{array} { | c | c | }
\hline \text { Month } & \begin{array} { c }
\text { Actual } \
\text { Demand }
\end{array} \
\hline \text { February } & 20 \
\hline \text { March } & 22 \
\hline \text { April } & 33 \
\hline \text { May } & 35 \
\hline \text { June } & 31 \
\hline \text { July } & 48 \
\hline \text { August } & 41 \
\hline
\end{array}$$
-Use simple exponential smoothing with alpha = .4 and determine the forecasted demand for August and September. Assume that the smoothed forecast for July is 38.

Question

Recent past demand for product ZXT is given in the following table.
 $$\begin{array} { | c | c | } 
\hline \text { Month } & \begin{array} { c } 
\text { Actual } \
\text { Demand }
\end{array} \
\hline \text { February } & 20 \
\hline \text { March } & 22 \
\hline \text { April } & 33 \
\hline \text { May } & 35 \
\hline \text { June } & 31 \
\hline \text { July } & 48 \
\hline \text { August } & 41 \
\hline
\end{array}$$
-Use simple exponential smoothing with alpha = .4 and determine the forecasted demand for August and September. Assume that the smoothed forecast for July is 38.

Quizplus · Accepted Answer

The Answer of Recent past demand for product ZXT is given in the following table.
 $$\begin{array} { | c | c | } 
\hline \text { Month } & \begin{array} { c } 
\text { Actual } \
\text { Demand }
\end{array} \
\hline \text { February } & 20 \
\hline \text { March } & 22 \
\hline \text { April } & 33 \
\hline \text { May } & 35 \
\hline \text { June } & 31 \
\hline \text { July } & 48 \
\hline \text { August } & 41 \
\hline
\end{array}$$
-Use simple exponential smoothing with alpha = .4 and determine the forecasted demand for August and September. Assume that the smoothed forecast for July is 38.

Recent Past Demand for Product ZXT Is Given in the Following