The table below shows the demand for Gadgets
The
table below shows the demand for Gadgets (they're like Widgets, only
they're more mechanical) over a 5-month period. Calculate exponential
smoothing forecasts for each month and for July. Use a coefficient of
0.5 and assume that the forecast for January was 8. Also evaluate the
quality of the exponential smoothing model by calculating the
root-mean-square error for the data set. Note: Round all intermediate
calculations to two decimal places.
Month Demand
Jan 10
Feb 5
Mar 10
Apr 8
May 5
Jun 10
Month Demand
Jan 10
Feb 5
Mar 10
Apr 8
May 5
Jun 10
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