If sales are 43,453, 44,251 and 38,501 for 2018, 2019 and 2020, what would you forecast for 2021 using exponential smoothing with a weight of 0.82? (The first forecast is equal to the actual value of the preceding year).

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 355E: What is the difference between the equation for exponential growth versus the equation for...
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If sales are 43,453, 44,251 and 38,501 for 2018, 2019 and 2020, what would you forecast for 2021 using exponential smoothing with a weight of 0.82? (The first forecast is equal to the actual value of the preceding year).
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