Compute the forecast sale using α = 0.20 and α = 0.35 respectively.(Note: express all answers using 4 decimal places) Exponential SmoothingThe following data shows the monthly sales (millions of pesos) of a product over the pastperiods.Actual25.6024.7021.3013.9012.6018.0021.5022.3030.7015.0013.8022.60DataMonth May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19

Forecasting is the process of estimation in which the future demand is determined based on previous…

Answered: Compute the forecast sale using α =…

Business

Operations Management

Compute the forecast sale using α = 0.20 and α = 0.35 respectively. (Note: express all answers using 4 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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