Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of following sales forecast has been developed: Forecasted Year Sales Sales 2005 450 410.00 2006 510 422.00 2007 516 448.40 2008 2009 570 468.68 580 499.08 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 75.57 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 410.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 410.00
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of following sales forecast has been developed: Forecasted Year Sales Sales 2005 450 410.00 2006 510 422.00 2007 516 448.40 2008 2009 570 468.68 580 499.08 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 75.57 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 410.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 410.00
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
Related questions
Question
100%
6
![Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the
following sales forecast has been developed:
Forecasted
Year
Sales
Sales
2005
450
410.00
2006
510
422.00
2007
516
448.40
2008
570
468.68
2009
580
499.08
The MAD for a forecast developed using exponential smoothing with a = 0.30 is 75.57 sales (round your response to two decimal places).
Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 410.00 are (round your responses to two decimal places):
Year
2005
2006
2007
2008
2009
2010
Forecasted Sales
410.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbcded610-dcae-46dd-85f3-77687b4a8990%2Fd6f43e75-15ed-490c-a959-b808ca7991ca%2Flzw26clf_processed.png&w=3840&q=75)
Transcribed Image Text:Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the
following sales forecast has been developed:
Forecasted
Year
Sales
Sales
2005
450
410.00
2006
510
422.00
2007
516
448.40
2008
570
468.68
2009
580
499.08
The MAD for a forecast developed using exponential smoothing with a = 0.30 is 75.57 sales (round your response to two decimal places).
Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 410.00 are (round your responses to two decimal places):
Year
2005
2006
2007
2008
2009
2010
Forecasted Sales
410.00
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![A First Course in Probability (10th Edition)](https://www.bartleby.com/isbn_cover_images/9780134753119/9780134753119_smallCoverImage.gif)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
![A First Course in Probability](https://www.bartleby.com/isbn_cover_images/9780321794772/9780321794772_smallCoverImage.gif)
![A First Course in Probability (10th Edition)](https://www.bartleby.com/isbn_cover_images/9780134753119/9780134753119_smallCoverImage.gif)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
![A First Course in Probability](https://www.bartleby.com/isbn_cover_images/9780321794772/9780321794772_smallCoverImage.gif)