Sales of Orange computer have grown steadily during the past 5 years:YearSales145022953518456355846?My sales manager had predicted, before the business started, that year 1’s sales would be 410 computers.What are required:Develop forecasts for years 2 through 6 by using exponential smoothing with a weight of alpha = 0.30Develop forecasts for the sales of Orange computers by using smoothing constants of 0.6 and 0.9Help me to propose the most accurate forecast in smoothing constant, based on forecast at no.2 above.Help me to critically evaluate the effect that the smoothing constant have on the forecast for Orange computers.

The objective of the question is to forecast the sales of Orange computers for years 2 through 6…

Answered: Sales of Orange computer have grown…

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 Orange computer have grown steadily during the past 5 years:

My sales manager had predicted, before the business started, that year 1’s sales would be 410 computers.

What are required:

Develop forecasts for years 2 through 6 by using exponential smoothing with a weight of alpha = 0.30
Develop forecasts for the sales of Orange computers by using smoothing constants of 0.6 and 0.9
Help me to propose the most accurate forecast in smoothing constant, based on forecast at no.2 above.
Help me to critically evaluate the effect that the smoothing constant have on the forecast for Orange computers.

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