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What is the forecast for February, using the Exponential Smoothing method, with alpha= 0.9? (Round your answer up to the nearest whole number; do NOT use a comma).

What is the forecast for February, using the Exponential Smoothing method, with alpha= 0.9? (Round your answer up to the nearest whole number; do NOT use a comma).

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Penz, Inc. is a pen manufacturer specializing in colored pens. Located in Denver, CO., Penz has grown successfully over the past few years because of the addition of a new general manager, Kim K. Selling red pens is a major portion of Penz' business, yet Kim was surprised at the lack of forecasts for pens for the company. Kim is determined to get a better idea of how many pens the company should produce with the least amount of excess stock or stockouts. Listed below is a summary of last year's red pen sales by month: Month January February March April May June Red pens Sold 2,200 1,900 1,500 1,200 1,000 400 Month July August September October November December TOTAL Red pens Sold 700 2,275 2,300 1,706 1,410 735 17,326 Assignment: Kim has hired you to determine the best technique for forecasting Penz, Inc. demand of red pens based on the given data.
Transcribed Image Text:Penz, Inc. is a pen manufacturer specializing in colored pens. Located in Denver, CO., Penz has grown successfully over the past few years because of the addition of a new general manager, Kim K. Selling red pens is a major portion of Penz' business, yet Kim was surprised at the lack of forecasts for pens for the company. Kim is determined to get a better idea of how many pens the company should produce with the least amount of excess stock or stockouts. Listed below is a summary of last year's red pen sales by month: Month January February March April May June Red pens Sold 2,200 1,900 1,500 1,200 1,000 400 Month July August September October November December TOTAL Red pens Sold 700 2,275 2,300 1,706 1,410 735 17,326 Assignment: Kim has hired you to determine the best technique for forecasting Penz, Inc. demand of red pens based on the given data.
What is the forecast for February, using the Exponential Smoothing method, with alpha 0.9? (Round your answer up to the nearest whole number; do NOT use a comma). =
Transcribed Image Text:What is the forecast for February, using the Exponential Smoothing method, with alpha 0.9? (Round your answer up to the nearest whole number; do NOT use a comma). =
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