Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonalds
Question:
Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonalds Restaurant:
Day | Actual Demand | Forecast Demand |
Monday | 88 | 88 |
Tuesday | 72 | 88 |
Wednesday | 68 | 84 |
Thursday | 48 | 80 |
Friday |
The forecast for Monday was derived by observing Monday’s demand level and setting Monday’s forecast level equal to this demand level.
Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25. Using this exponential smoothing method,
what is the forecast for Big Mac demand for Friday?
Price: $2.99
Answer: The answer consists of 1 page
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)