Please do not give solution in image format thanku Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a startingforecast of 415.00, the following sales forecast has bs been developed:OYear12Sales455502345.415.00427.00449.50470.65499.26The MAD for a forecast developed using exponential smoothing with a 0.30 is sales (round your response to two decimal places)ForecastedSales520566585

Exponential smoothing is an iterative process where the forecast is updated for each new…

Answered: 565 499.26 The MAD for a forecast…

565 499.26 The MAD for a forecast developed using exponential smoothing with a 0.30 is sales (round your response to two decimal places)

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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Question

Please do not give solution in image format thanku

Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting
forecast of 415.00, the following sales forecast has b
s been developed:
O
Year
1
2
Sales
455
502
3
4
5.
415.00
427.00
449.50
470.65
499.26
The MAD for a forecast developed using exponential smoothing with a 0.30 is sales (round your response to two decimal places)
Forecasted
Sales
520
566
585

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