-The construction materials manufacturing company BOB has records of its last 10 years of sales (thousands of dollars). Based on this information, you want to obtain a forecast for next year's sales. t AND 1 Four. Five 2 54 3 Four. Five 4 52 5 39 6 57 7 42 8 51 9 58 10 43 Based on the sales information of the BOB company, it generates the best or optimal forecast of SES, using Excel Solver and measuring the error using ECM. With what alpha is this best forecast obtained? (Express your result rounded to two decimal places).

-The construction materials manufacturing company BOB has records of its last 10 years of sales (thousands of dollars). Based on this information, you want to obtain a forecast for next year's sales. t AND 1 Four. Five 2 54 3 Four. Five 4 52 5 39 6 57 7 42 8 51 9 58 10 43 Based on the sales information of the BOB company, it generates the best or optimal forecast of SES, using Excel Solver and measuring the error using ECM. With what alpha is this best forecast obtained? (Express your result rounded to two decimal places).

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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