The table below shows the sales of widgets (in units) over the past 5 years. Using exponential smoothing with a smoothing constant of 0.2, what is the forecast for next year? The initial forecast (for 5 years ago) was 1,200 units.Forecast: TimeSales5 years ago1,1404 years ago1,2203 years ago1,4502 years ago1,090Last year1,150 (Do not round intermediate calculations, round your final answer to the nearest whole number.)

Formulae used: Ft =Ft-1 + α (At-1)-(Ft-1)Where, Ft =Forecast for period tFt-1 = Forecast for prior…

Answered: a smoothing constant of 0.2, what is…

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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The table below shows the sales of widgets (in units) over the past 5 years. Using exponential smoothing with a smoothing constant of 0.2, what is the forecast for next year? The initial forecast (for 5 years ago) was 1,200 units.

Forecast:

Time	Sales
5 years ago	1,140
4 years ago	1,220
3 years ago	1,450
2 years ago	1,090
Last year	1,150

(Do not round intermediate calculations, round your final answer to the nearest whole number.)

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