Sales of Volkwagen’s popular Beetle have grown steadily at autodealership in Nevada during the past 5 years (see table below).The sales manager had predicted before the new model wasintroduced that first-year sales would be 410 VWs. Usingexponential smoothing with a weight of α= .30, develop forecastfor years 2 through 6.Year Sales Forecast1 450 4102 4953 5184 5635 5846 ?2. The following data come from regression line projections:Period Forecast Values Actual values1 410 4062 419 4233 428 4234 435 440Compute the MAD and MSE. Solve the following:1. Sales of Volkwagen's popular Beetle have grown steadily at autodealership in Nevada during the past 5 years (see table below).The sales manager had predicted before the new model wasintroduced that first-year sales would be 410 VWs. Usingexponential smoothing with a weight of a= .30, develop forecastfor years 2 through 6.YearSalesForecast14504102495351845635584?2. The following data come from regression line projections:Actual valuesPeriod1Forecast Values41040624194234284234435440Compute the MAD and MSE.

Forecasting is the process of predicting the future demand based on the previous data and demand.

Answered: Solve the following: 1. Sales of…

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 Volkwagen’s popular Beetle have grown steadily at auto
dealership in Nevada during the past 5 years (see table below).
The sales manager had predicted before the new model was
introduced that first-year sales would be 410 VWs. Using
exponential smoothing with a weight of α= .30, develop forecast
for years 2 through 6.
Year Sales Forecast
1 450 410
2 495
3 518
4 563
5 584
6 ?

2. The following data come from regression line projections:
Period Forecast Values Actual values
1 410 406
2 419 423
3 428 423
4 435 440

Compute the MAD and MSE.