The figures below show the sales of hairdryers in one shop over the last 3 months. Month 1: 140 Month 2: 197 Month 3: 150 Calculate the forecast for month 4 using exponential smoothing assuming that the forecast for the first month is 120 and the smoothing constant alpha = 0.8. Write the answer to 2 decimal places.
The figures below show the sales of hairdryers in one shop over the last 3 months. Month 1: 140 Month 2: 197 Month 3: 150 Calculate the forecast for month 4 using exponential smoothing assuming that the forecast for the first month is 120 and the smoothing constant alpha = 0.8. Write the answer to 2 decimal places.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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The figures below show the sales of hairdryers in one shop over the last 3 months.
Month 1: 140
Month 2: 197
Month 3: 150
Calculate the
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