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29,369 as the forec

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter6: Exponential Functions And Sequences

Section: Chapter Questions

Problem 14CR

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Question

Sales of a particular product for the years 2017 through 2020 have been 29,369, 58,600, 51,668 and 74,305 respectively. Taking actual 2017 sales of 29,369 as the forecast for 2018, what sales would you forecast for 2021 using exponential smoothing and a weight on actual value of 0.34?

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