1. Use exponential Smoothing when α= .6 and the forecast for March is 350.
The table below shows the sales figures for a brand of shoe over the last 12 months.
Months Sales
January 69
February 75
March 86
April 92
May 95
June 100
July 108
August 115
September 125
October 131
November 140
December 150
Using the following, forecast the sales for the months up to January the following year:-
1. Use exponential Smoothing when α= .6 and the forecast for March is 350.
2. Determine which of the three
MAD
Step by step
Solved in 3 steps with 3 images
