Use the information below to produce the Simple Exponential Smoothing forecast assuming Alpha=0.1.

Use the information below to produce the Simple Exponential Smoothing forecast assuming Alpha=0.1. 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=0.1

Period	X	SES
1	9.2	9.2
2	8.3
3	8.1
4		?

Solutions

Expert Solution

Exponential smoothing forecasting for current period = (At-1* alpha)+(Ft-1 *(1-alpha)

Alpha = 0.1

Period	X	SES
1	9.2	9.2
2	8.3	=(9.20.1)+(9.2(1-0.1))
3	8.1	=(8.20.1)+(9.2(1-0.1))
4		=(8.10.1)+(C4(1-0.1))

Period	X	SES
1	9.2	9.2
2	8.3	9.2
3	8.1	9.1
4		9

Answer

Period	X	SES
1	9.2	9.2
2	8.3
3	8.1
4		9

Rahul Sunny answered 2 years ago

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