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Homework answers / question archive / A monthly demand schedule for Bugatti Chiron Super Sport cars is shown below

A monthly demand schedule for Bugatti Chiron Super Sport cars is shown below

Business

A monthly demand schedule for Bugatti Chiron Super Sport cars is shown below. Calculate exponential smoothing forecasts for each month and for July. Use a smoothing coefficient of 0.40 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 up to whole units your forecast of July sales. Show the RMSE to two decimal places.

 

Month

Demand

Jan Forecast

          8.00 

 

Jan

        10.00 

 

Feb

          5.00 

 

Mar

        10.00 

 

Apr

          8.00 

 

May

          5.00 

 

Jun

        10.00 

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