Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. your manager is trying to determine what forecasti

Your manager is trying to determine what forecasting method to use. Based on the following historical...

90.2K

Verified Solution

Question

General Management

Your manager is trying to determine what forecasting method touse. Based on the following historical data, calculate thefollowing forecast and specify what procedure you wouldutilize.

monthactual demand

1

62
265
367
468
571
673
776
878
978
1080
1184
1285

1. Calculate the exponential smoothing with trend componentforecast for periods 2–12 using an initial trend forecast(T1) of 1.8, an initial exponential smoothingforecast (F1) of 60, an ? of 0.30, anda ? of 0.30. (Round your answers to 3 decimalplaces.)

2. Calculate the mean absolute deviation (MAD) for the forecast.(Round your answers to 3 decimal places.)

Answer & Explanation Solved by verified expert
3.9 Ratings (546 Votes)
Question Your manager is trying to determinewhat forecasting method to use Based on the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The burning of fossil fuels provides energy for humans to use but it also can...

Statistics
1.2K views

An elevator has a placard stating that the maximum capacity is 16201620 lblong dash—1010 passengers.​ So, 1010 adult male passengers can...

Operations Management
1.2K views

1. A good quality lawnmower is supposed to start at the first try. In the third...

Biology
1.2K views

1. In cats, long hair (s) is recessive to short hair (S). a) A true-breeding (homozygous) shorthaired male...

Basic Math
1.2K views

If assessment results are highly valid, will they also be highly reliable. If assessment results are highly reliable,...

Basic Math
1.2K views

At a hockey game, a vender sold a combined total of 228 sodas and hot...

Basic Math
1.2K views

Let P(t) = 30000 (1.03)t be the population of a town t years after the...

Calculus
1.2K views

Find the indefinite integral using a table of integration formulas x 9dx x x 9...

Calculus
1.2K views

Graph of 18 The graph of a function is shown above Which of the following...

Accounting
1.2K views

Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor...

Accounting
1.2K views

Given the information below for Seger Corporation, compute the expected share price at the end...

Accounting
1.2K views

The Cable TV Company, an accrual-basis taxpayer, allows its customers to pay by the month,...