Forecasting and EOQ Aggie Electronics has been tracking the…
Forecasting and EOQ Aggie Electronics has been tracking the demand for one of its specialty components. The actual demand for the past three years and the forecasted demand for Year 1 are shown in the Table below: Use the data to answer the following questions. Determine the one-step-ahead forecast for the following Years using exponential smoothing with smoothing constantα=0.4Round each Year’s forecast to the nearest whole number. Year Actual Demand Forecasted Demand 1 150 145 2 180 – 3 210 –