(Solved Homework): Stubentplayerfest.aspxtestid 160306424 SCM 3301 2017 FALL Service and Manufacturing…

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Stubentplayerfest.aspxtestid 160306424 SCM 3301 2017 FALL Service and Manufacturing Operations Quiz: Quiz 2 (Chapters 9, 10) Time Remaining: 014933 Subr This Quiz: 100 pts Question He Develop an exponential smoothing fo e ast a-o5 tr February 2016 trough January 2017 Assume eat your lo o ast tr Jan ry 2016 was go. Cak late to MRE MAD,and MAPE a es tr Fabr aryh This Question: 6 pts 6 of 20 (14complete) ▼ December 2016 Cick the icon to view the time series data. Mone Info Find an exponential smoothing forecast for each period and 18- n the table below (enter your responses rounded to one decimal place) MonthDemand Forecast January 2016 February 105 69 II January 2016 Febeuary 98 123 114 August September Print Done Enter your answer in each of the answer boxes 1505029829-0874846. 名©

Expert Answer

Exponential smoothing F_t

$F_{t}=F_{t-1}+alpha (A_{t-1}-F_{t-1})$

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F_t = new forecast

F_t-1 = previous period forecast

A_t-1 = Previous period actual demand

$alpha = smoothing constant$

$MFE = sum_{i=1}^{n}(Actual_{i}-Forecast_{i})/n$

$MAD=(1/n)sum left | Actual -Forecast right |$

$MAPE=frac{sum(( left | Actual-Forecast right |/Actual)*100)}{n}$

The forecast for january 2017 = 92.8

MFE = -0.9

MAD = 14.9

MAPE = 16.3%

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