1) Single Exponential Smoothing | year | 1 | 2 | 3 | 4 | 5 | 6 |
| Sales | 650 | 700 | 810 | 800 | 900 | 700 |
Calculate Single Exponential Smoothing
Solution:
(1)
year | (2)
Sales | (3)
Exponential Smoothing
`(alpha=0.1)` |
| 1 | 650 | 650 |
| 2 | 700 | `0.1*650+0.9*650=650` |
| 3 | 810 | `0.1*700+0.9*650=655` |
| 4 | 800 | `0.1*810+0.9*655=670.5` |
| 5 | 900 | `0.1*800+0.9*670.5=683.45` |
| 6 | 700 | `0.1*900+0.9*683.45=705.105` |
| 7 | | `0.1*700+0.9*705.105=704.5945` |
This material is intended as a summary. Use your textbook for detail explanation.
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