Forecasting, quantitative methods, exponential smoothing calculation. After 6 months of production, the company has been able to post the mid-year sales figures presented in the table below. Using the nential sm expo oothing factor a - 0 40
Forecasting, quantitative methods, exponential smoothing calculation. After 6 months of production, the company has been able to post the mid-year sales figures presented in the table below. Using the nential sm expo oothing factor a - 0 40
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:Forecasting, quantitative methods, exponential
smoothing calculation.
After 6 months of production, the company has
been able to post the mid-year sales
figures presented in the table below. Using the
exponential smoothing factor a= 0.40,
forecast the sales in July. Assume the January
forecast sales as equal to the actual sales of
January. Show all workings.
a. After 6 months of production, the company has been able to post the mid-year sales
figures presented in the table below. Using the exponential smoothing factor a= 0.40,
forecast the sales in July. Assume the January forecast sales as equal to the actual sales of
January. Show all workings.
Month
Jan
Feb
March
April
5275
May
4950
June
Sales (S)
4220
4278
5460
5315
Weight
0.05
0.05
0.08
0.1
0.2
0.3
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