Sales of the Flying Flintmobile has been increasing over the past five years. The operations manager has estimated sales in 2017 to be 410 Flying Flintmobiles. Using exponential smoothing with a weight of α = 0.30, develop forecasts for 2017 through 2022.   Year Sales Forecast   2017 450   2018 495   2019 518   2020 563   2021 584   2022       Advise Flying Flintmobile of the benefits associated with this method of forecasting   Caution the manager on the limitations associated with your forecast.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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  1. Sales of the Flying Flintmobile has been increasing over the past five years. The operations manager has estimated sales in 2017 to be 410 Flying Flintmobiles. Using exponential smoothing with a weight of α = 0.30, develop forecasts for 2017 through 2022.

 

Year

Sales

Forecast

 

2017

450

 

2018

495

 

2019

518

 

2020

563

 

2021

584

 

2022

 

 

 

  1. Advise Flying Flintmobile of the benefits associated with this method of forecasting

 

  1. Caution the manager on the limitations associated with your forecast.

 

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