1) Single Exponential Smoothing year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Sales | 20 | 21 | 23 | 22 | 25 | 24 | 27 | 26 | 28 | 30 |
Calculate Single Exponential Smoothing
Solution:
(1) year | (2) Sales | (3) Exponential Smoothing `(alpha=0.1)` |
1 | 20 | 20 |
2 | 21 | `0.1*20+0.9*20=20` |
3 | 23 | `0.1*21+0.9*20=20.1` |
4 | 22 | `0.1*23+0.9*20.1=20.39` |
5 | 25 | `0.1*22+0.9*20.39=20.551` |
6 | 24 | `0.1*25+0.9*20.551=20.9959` |
7 | 27 | `0.1*24+0.9*20.9959=21.2963` |
8 | 26 | `0.1*27+0.9*21.2963=21.8667` |
9 | 28 | `0.1*26+0.9*21.8667=22.28` |
10 | 30 | `0.1*28+0.9*22.28=22.852` |
11 | | `0.1*30+0.9*22.852=23.5668` |
This material is intended as a summary. Use your textbook for detail explanation.
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