Model: First-Order Exponential Smoothing Forecast Formulae

The ideas behind this model are:

• The older the time series values, the less important they become for the calculation of the forecast.

• The present forecast error is taken into account for the following forecasts.

• Formula for Calculating the Reorder Level Forecast...
• Formula for Calculating the Safety Stock Forecast ...
• Formula for Evaluating the Forecast
• Model: Second-Order Exponential Smoothing Forecast...
• General Formula for First-Order Exponential Smooth...
• Model: Constant Forecast Formulae
• Model: First-Order Exponential Smoothing Forecast ...
• Model: Weighted Moving Average Forecast Formulae
• Model: Moving Average Forecast Formulae
• Forecast Formulae Overview