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A sales manager wants to forecast monthly sales for the company's products using the following monthly sales data.

A sales manager wants to forecast monthly sales for the company's products using the following monthly sales data.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A sales manager wants to forecast monthly sales for the company's products using the following monthly sales data. month 1 2 3 4 5 6 $3,803 $2,558 $3,469 $3,442 $2,682 $3,469 Sales If the forecast for period 7 is $3167, what is the forecast for period 9 using exponential smoothing with an alpha equal to 0.6? $2802 $3425 O $3113 O $3100 O $3201 2 of 102
Transcribed Image Text:A sales manager wants to forecast monthly sales for the company's products using the following monthly sales data. month 1 2 3 4 5 6 $3,803 $2,558 $3,469 $3,442 $2,682 $3,469 Sales If the forecast for period 7 is $3167, what is the forecast for period 9 using exponential smoothing with an alpha equal to 0.6? $2802 $3425 O $3113 O $3100 O $3201 2 of 102
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