You have the following information. Answer the following two questions using it.Period345ActualSales15002540620690820Using simple exponential smoothing and an alpha of 0.5,what is the sales forecast for period 6? Assume the forecastfor period 1 was 500.Using a five-period moving average, what is the salesforecast for period 6?A. 616B. 624C. 626D. 634E. 636F. 705G.715H.7251. 735J. 745

Ans) Exponential Smoothing with formula: Thus, Correct Answer is 725. Thus, Correct Option is H.

Answered: Period Actual Sales 1 500 2 540 Answer…

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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