Sales of a particular product for the years 2017through 2020 have been 47,150, 52,477, 64,750 and76,852 respectively.Taking actual 2017 sales of 47,150 as the forecast for2018, what sales would you forecast for 2021 usingexponential smoothing and a weight on actual valueof 0.18?

Given- Sales of a particular product for the years 2017 through 2020 have been 47,150, 52,477,…

Answered: Sales of a particular product for the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Sales of a particular product for the years 2017 through 2020 have been 47,150, 52,477, 64,750 and 76,852 respectively. Taking actual 2017 sales of 47,150 as the forecast for 2018, what sales would you forecast for 2021 using exponential smoothing and a weight on actual value of 0.18?