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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 α= 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.

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 α= 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.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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 α= 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.
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 May June Sales (S) 4220 4278 5460 5275 4950 5315 Weight 0.05 0.05 0.08 0.1 0.2 0.3
Transcribed Image Text: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 May June Sales (S) 4220 4278 5460 5275 4950 5315 Weight 0.05 0.05 0.08 0.1 0.2 0.3
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