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Sales of Cool-Man air conditioners have grown steadily during the past 5 years: (Round your ans to 2 decimal places.) Forecast Forecast Year Sales (a = 0.30) (a = 0.90) 1 450 410.0 410.00 495|| 3 518 470.60 490.10 563

Sales of Cool-Man air conditioners have grown steadily during the past 5 years: (Round your ans to 2 decimal places.) Forecast Forecast Year Sales (a = 0.30) (a = 0.90) 1 450 410.0 410.00 495|| 3 518 470.60 490.10 563

Practical Management Science
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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Sales of Cool-Man air conditioners have grown steadily during the past 5 years: (Round your answers to 2 decimal places.) Forecast Forecast Year Sales (a = 0.30) (a 0.90) 1 450 410.0 410.00 495 3 518 470.60 490.10 4 563 5 584 495.20 6 ? 1. The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of a = 0.30, complete the Forecast column to develop forecasts for years 2 through 6. What is the MADa=0.30 ? 2. Using exponential smoothing with a weight of a = 0.90, develop forecasts for years 2 through 6 by completing the Forcast column in the table. What is the MAD-0,90 ? 3. Using the trend projection method, develop a forecasting model to project sales for year 6. 2.
Transcribed Image Text:Sales of Cool-Man air conditioners have grown steadily during the past 5 years: (Round your answers to 2 decimal places.) Forecast Forecast Year Sales (a = 0.30) (a 0.90) 1 450 410.0 410.00 495 3 518 470.60 490.10 4 563 5 584 495.20 6 ? 1. The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of a = 0.30, complete the Forecast column to develop forecasts for years 2 through 6. What is the MADa=0.30 ? 2. Using exponential smoothing with a weight of a = 0.90, develop forecasts for years 2 through 6 by completing the Forcast column in the table. What is the MAD-0,90 ? 3. Using the trend projection method, develop a forecasting model to project sales for year 6. 2.
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