Scenario 7 -Develop a Forecast for This Data Using Simple Exponential Smoothing

question 79

Essay

Scenario 7.6
$\begin{array}{|c|c|}\hline \text { Period } & \text { Demand } \\\hline 1 & 173 \\\hline 2 & 177 \\\hline 3 & 180 \\\hline 4 & 151 \\\hline 5 & 168 \\\hline 6 & 184 \\\hline 7 & 198 \\\hline 8 & 191 \\\hline 9 & 167 \\\hline 10 & 177 \\\hline\end{array}$
-Develop a forecast for this data using simple exponential smoothing with an alpha of 0.66.Then calculate MAD,MSE and the tracking signal.

---

Definitions:

Minority Community

A group of people who are smaller in number compared to the larger population, often defined by racial, ethnic, cultural, or religious differences.

Pharmacological Effects

The physical and psychological outcomes resulting from the interaction between a drug and the body, including therapeutic benefits and side effects.

Lithium

A chemical element used primarily in psychiatric medication to treat mood disorders such as bipolar disorder.

Bipolar Disorder

A disorder in mental health featuring intense fluctuations in mood from very elevated states (mania or hypomania) to very low states (depression).