Forecast sales for the 11th period. For leveling, use exponentialsmoothing 0.20 and moving average 3 for averaging; and linear andexponential functions for trend data. Assume an initial exponentialforecast of 620 units in period 2 if you decide to use it (i.e., no forecastfor period 1).Period 1245.178.6.10Sales 7486907318698459561200 1062 1090 1200

Answered: exponential functions for trend data.…

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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Which forecasting model assumes that what will happen in the immediately succeeding period is most likely similar to what happened this period than to that of, say, three periods ago?
Please solve it within 30 minutes i really need help
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The Holt method (exponential smoothing with trend andwithout seasonality) is being used to forecast weekly carsales at TOD Ford. Currently, the base is estimated to be 50cars per week, and the trend is estimated to be 6 cars perweek. During the current week, 30 cars are sold. Afterobserving the current week’s sales, forecast the number ofcars to be sold during the week that begins three weeks afterthe conclusion of the current week. Use a b 0.3.
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exponential functions for trend data. Assume an initial exponential Forecast of 620 units in period 2 if you decide to use it (i.e., no forecast For period 1).