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YO_zhik YO_zhik
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Posts: 1036
Rep: 4 0
6 years ago
Use Solver to determine the alpha that minimizes the MAD for the ten period forecast for the data that appear in this table. Use the actual demand as the forecast for period 1 and then use exponential smoothing.

Period   Demand
1   300
2   250
3   200
4   500
5   128
6   184
7   166
8   191
9   167
10   177

A) 0.2
B) 0.3
C) 0.4
D) 0.5
Textbook 
Supply Chain Management: Strategy, Planning, and Operation

Supply Chain Management: Strategy, Planning, and Operation


Edition: 6th
Authors:
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