Question

. The production supervisor at a fiber board plant uses a simple exponential smoothing technique (a = 0.2) to forecast demand. In April, the forecast was for 20 shipments, and the actual demand was for 20 shipments. The actual in May and June was 25 and 26 shipments. Forecast the value for July

Answer 1

[AI-generated answer — Bot]

The forecast for July using a simple exponential smoothing technique (a = 0.2) is 25.2 shipments.