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The management decided to use the exponential smoothing to determine the projected monthly demand for 2021 and both managers agreed to assign the alpha of 0.15 in the model. So how much is the monthly demand from January through Decembe for this vear?

The management decided to use the exponential smoothing to determine the projected monthly demand for 2021 and both managers agreed to assign the alpha of 0.15 in the model. So how much is the monthly demand from January through Decembe for this vear?

Practical Management Science
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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Aug 65 70.2 Sep 68 75.1 Oct 69 79.2 Nov 70 80.1 Dec 75 81.2 The management decided to use the exponential smoothing to determine the projected monthly demand for 2021 and both managers agreed to assign the alpha of 0.15 in the model. So how much is the monthly demand from January through December for this year?
Transcribed Image Text:Aug 65 70.2 Sep 68 75.1 Oct 69 79.2 Nov 70 80.1 Dec 75 81.2 The management decided to use the exponential smoothing to determine the projected monthly demand for 2021 and both managers agreed to assign the alpha of 0.15 in the model. So how much is the monthly demand from January through December for this year?
Apple Corporation is planning to produce their new product called the next generation low cost iPhone the said product will compete the product lines of Samsung, the management is hoping that it will further increase their revenue starting 2nd Quarter of 2021 Below is the historical data of actual sales and forecast of iPhone last 2020: Forecast Sales in Million Actual sales in Million Month Units Units Jan 51 55.3 Feb 52 54.1 Mar 53 62.3 Apr 55 61.1 May 57 58.6 June 60 59.2 July 62 67.3 Aug 65 70.2
Transcribed Image Text:Apple Corporation is planning to produce their new product called the next generation low cost iPhone the said product will compete the product lines of Samsung, the management is hoping that it will further increase their revenue starting 2nd Quarter of 2021 Below is the historical data of actual sales and forecast of iPhone last 2020: Forecast Sales in Million Actual sales in Million Month Units Units Jan 51 55.3 Feb 52 54.1 Mar 53 62.3 Apr 55 61.1 May 57 58.6 June 60 59.2 July 62 67.3 Aug 65 70.2
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