(4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands

(4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Give typed explanation Part 2: Using exponential smoothing, the forecasted demand for period 5 using the smoothing constant determined in image= ?
Asvnch Problem - Statistical Forecasting Data Set – Eunice BC Fashion Monthly Sales, in million units. Year Total Sales Year Total Sales 2010 38 2016 43 2011 41 2017 40 2012 40 2018 45 2013 45 2019 47 2014 50 2020 42 2015 42 2021 48 Questions: a. Find the naïve forecast. b. Use the 3 years moving average forecast. c. Have a 5 years weighted moving average. d. Develop forecast using exponential smoothing with a = 0.2. e. Determine the trend line equation and present the forecast. f. Find the best forecast for year 2022. Note: Use the first 5 years as the training samples and the last 5 years as the forecasting samples. Solve it in Excel Sheet/Sheet with Equations as possible.
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