a) Using exponential smoothing and given a, the forecast for the month of July =million checks received (round your response to one decimal place).
a) Using exponential smoothing and given a, the forecast for the month of July =million checks received (round your response to one decimal place).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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![A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 million, while the forecast was 43 million. A smoothing constant of 0.20 is used.
a) Using exponential smoothing and given a, the forecast for the month of July = million checks received (round your response to one decimal place).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F60ae2238-d375-4701-9aec-2226c586eada%2F1b697d91-99a9-4a11-9801-d589c1997bc2%2F29kvae_processed.png&w=3840&q=75)
Transcribed Image Text:A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 million, while the forecast was 43 million. A smoothing constant of 0.20 is used.
a) Using exponential smoothing and given a, the forecast for the month of July = million checks received (round your response to one decimal place).
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