The following tabulations are actual sales of units for six months and a starting forecast in January. FORECAST 104 January February March April May June ACTUAL 124 120 133 109 86 105 a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.3. Note: Round your answers to the nearest whole number. February March April May June Forecasts b. Calculate the MAD for all the forecasts, including January's. Note: Round your answer to 1 decimal place.
The following tabulations are actual sales of units for six months and a starting forecast in January. FORECAST 104 January February March April May June ACTUAL 124 120 133 109 86 105 a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.3. Note: Round your answers to the nearest whole number. February March April May June Forecasts b. Calculate the MAD for all the forecasts, including January's. Note: Round your answer to 1 decimal place.
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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Question
![The following tabulations are actual sales of units for six months and a starting forecast in January.
ACTUAL
124
FORECAST
104
120
133
109
86
105
January
February
March
April
May
June
a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.3.
Note: Round your answers to the nearest whole number.
February
March
April
May
June
Saved
Forecasts
b. Calculate the MAD for all the forecasts, including January's.
Note: Round your answer to 1 decimal place.
MAD](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8dfb8262-7b75-4ab8-a528-4796d9d48b75%2F9b7085f7-c888-40f1-9afa-3732e5019709%2F3fa6r7a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following tabulations are actual sales of units for six months and a starting forecast in January.
ACTUAL
124
FORECAST
104
120
133
109
86
105
January
February
March
April
May
June
a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.3.
Note: Round your answers to the nearest whole number.
February
March
April
May
June
Saved
Forecasts
b. Calculate the MAD for all the forecasts, including January's.
Note: Round your answer to 1 decimal place.
MAD
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