Use simple exponential smoothing with a=0.6 to forecast chargers sales for February through May. Assume that theforecast for January was 24 chargers.***MonthJanuaryCharger Sales42February33March28April59May?a) What will be the forecast for May?b) Calculate the MSE.

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Use simple exponential smoothing with a 0.6 to forecast chargers sales for February through May. Assume that the forecast for January was 24 chargers *** Month January Charger Sales 42 February 33 March 28 April 59 May ? a) What will be the forecast for May? b) Calculate the MSE