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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. 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 |
|
