Use the information below to produce the Simple Exponential Smoothing forecast assuming Alpha=0.3

Use the information below to produce the Simple Exponential Smoothing forecast assuming Alpha=0.3. Enter period 4's forecasted value below. The initialization value for period 1 is given as the actual value for period 1. Round your answer to two decimal places (e.g., 1.23).

Alpha=0.3

Period	X	SES
1	1.4	1.4
2	7.9
3	1.5
4		?

Expert Solution

Simple exponential smoothing forecast

Period	X	SES
1	1.4	1.4
2	7.9	=(1.40.3)+(1.4(1-0.3))
3	1.5	=(7.90.3)+(1.4(1-0.3))
4		=(1.50.3)+(3.35(1-0.3))

Period	X	SES
1	1.4	1.4
2	7.9	1.4
3	1.5	3.35
4		2.795

Period	X	SES
1	1.4	1.4
2	7.9
3	1.5
4		2.8

Rahul Sunny answered 2 years ago

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Use the information below to produce the Simple Exponential Smoothing forecast assuming Alpha=0.3

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