The following time series shows the sales of a particular product over the past 6 months. Time (months) Sales (Y) E F 1 105 2 135 3 120 4 105 5 90 6 120 7 8 Use w = 0.3 to compute the exponential smoothing values for the time series. What is the forecast for the next two months? Graph initial and smoothed time series. Does your forecast seem to be reasonable? Explain your answer.
The following time series shows the sales of a particular product over the past 6 months. Time (months) Sales (Y) E F 1 105 2 135 3 120 4 105 5 90 6 120 7 8 Use w = 0.3 to compute the exponential smoothing values for the time series. What is the forecast for the next two months? Graph initial and smoothed time series. Does your forecast seem to be reasonable? Explain your answer.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
The following time series shows the sales of a particular product over the past 6 months.
Time (months) |
Sales (Y) |
E |
F |
1 |
105 |
|
|
2 |
135 |
|
|
3 |
120 |
|
|
4 |
105 |
|
|
5 |
90 |
|
|
6 |
120 |
|
|
7 |
|
|
|
8 |
|
|
|
- Use w = 0.3 to compute the exponential smoothing values for the time series.
- What is the forecast for the next two months?
- Graph initial and smoothed time series.
- Does your forecast seem to be reasonable? Explain your answer.
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Follow-up Question
- You gave a forecast only for 1 month !!! Based on the task 2 month needed
- Graph initial and smoothed time series.
- Does your forecast seem to be reasonable? Explain your answer.
Solution
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