Year QuarterSales 20181 2018 2 2018 3 2018 4 20191 2019 2 20193 20194 20201 20202 45 44 48 47 Suppose that Brown's exponential smoothing with a smoothing constant of 0.10 was used to forecast sales and the predicted sales value for the first quarter of 2020 is found to be 46.7. Forecast sales for the fourth quarter of 2021.
Year QuarterSales 20181 2018 2 2018 3 2018 4 20191 2019 2 20193 20194 20201 20202 45 44 48 47 Suppose that Brown's exponential smoothing with a smoothing constant of 0.10 was used to forecast sales and the predicted sales value for the first quarter of 2020 is found to be 46.7. Forecast sales for the fourth quarter of 2021.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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![Year QuarterSales
20181
2018 2
2018 3
2018 4
20191
20192
20193
20194
20201
20202
45
44
48
47
Suppose that Brown's exponential smoothing
with a smoothing constant of 0.10 was used
to forecast sales and the predicted sales value
for the first quarter of 2020 is found to be
46.7. Forecast sales for the fourth quarter of
2021.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39f8c5c3-a714-421b-a3ab-4e7d7291a7e2%2F107ac3df-f272-4fc5-a830-5797cca60205%2Fanm7k2i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Year QuarterSales
20181
2018 2
2018 3
2018 4
20191
20192
20193
20194
20201
20202
45
44
48
47
Suppose that Brown's exponential smoothing
with a smoothing constant of 0.10 was used
to forecast sales and the predicted sales value
for the first quarter of 2020 is found to be
46.7. Forecast sales for the fourth quarter of
2021.
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