Exponential Smoothing

1. A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 53 percent of capacity; actual usage was 52 percent of capacity. A smoothing constant of .05 is used. a. Prepare a forecast for September....

Exponential smoothing

What are the advantages of Exponential smoothing over the Moving average and the Weighted moving average? (Marks 2)Explain the aggregate planning strategy? Sample Solution

Exponential smoothing

A. What are the advantages of Exponential smoothing over the Moving average and the Weighted moving average? B. Explain the aggregate planning strategy? Sample Solution