[Solution Library] The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of


Question: The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. The owner has accumulated the following data on demand for unleaded gasoline from sales during the past 10 months: Month Gasoline Demanded (gal.)

October 775

November 835

December 605

January 450

February 600

March 700

April 820

May 925

June 1500

July 1200

  1. Compute an exponential smoothed forecast, using an α value of 0.4
  2. Compute the MAD.

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Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document

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