It will be easier to use forecasted demand and actual demand instead of using level. Also, the data has quarters,but during the lecture it’s confusing when you say determining forecast for February.Because data is in quarters,the forecast needs to be determined for next quarter and not next month or march. It’s simple. Forecast for current period= Forecast for last period+alpha( actual demand for last period- forecasted demand for last period).Also its easier if we assume Actual demand as A instead of S and Forecasted demand as F.
@gunjanpandey89586 жыл бұрын
Sir can you please elaborate the S(t), I m having confusion regarding relationship between level S(t) and forecast F(t+1)
@rohitbahl3993 жыл бұрын
Sir its very confusing request you to please use the example values along with the formulas. Thanks
@SilpaRajendran-r7z10 ай бұрын
Sir can you give more examples for the formula . This class is quite difficult.
@hassanaburamadan Жыл бұрын
Sir next time illustrate an example with plugging numbers in the formula