QUESTION 1 Assume that sales for year “n" were 12 units and a forecast of sales for that year had been 10 units and you want to make a simple exponential smoothing forecast of sales for period "n+1." If alpha equals 0.6 the forecast for year "n+1" would be 11 11.2

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
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QUESTION 1
Assume that sales for year “n" were 12 units
and a forecast of sales for that year had been
10 units and you want to make a simple
exponential smoothing forecast of sales for
period “n+1." If alpha equals 0.6 the forecast
for year "n+1" would be
11
11.2
10.8
11.5
12.2
Transcribed Image Text:QUESTION 1 Assume that sales for year “n" were 12 units and a forecast of sales for that year had been 10 units and you want to make a simple exponential smoothing forecast of sales for period “n+1." If alpha equals 0.6 the forecast for year "n+1" would be 11 11.2 10.8 11.5 12.2
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