Day Actual Demand Forecast Demand Monday 88.00 88.00 Tuesday 75.00 88.00 Wednesday 70.00 84.10 Thursday 52.00 79.87 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 0.30. Using this exponential smoothing method, the forecast for Big Mac demand for Friday is Big Macs (round your response to one decimal place).
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30\) \(1 - \alpha = 1 - 0.30 = 0.70\) Show more…
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