A sales manager wants to forecast monthly sales for the company's products using the following monthly sales data.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
icon
Related questions
Question

Solve it correctly please. I 

A sales manager wants to forecast monthly
sales for the company's products using the
following monthly sales data.
month 1
2 3
4 5 6
$3,803 $2,558 $3,469 $3,442 $2,682 $3,469
Sales
If the forecast for period 7 is $3167, what is
the forecast for period 9 using exponential
smoothing with an alpha equal to 0.6?
$2802
$3425
O $3113
O $3100
O $3201
2 of 102
Transcribed Image Text:A sales manager wants to forecast monthly sales for the company's products using the following monthly sales data. month 1 2 3 4 5 6 $3,803 $2,558 $3,469 $3,442 $2,682 $3,469 Sales If the forecast for period 7 is $3167, what is the forecast for period 9 using exponential smoothing with an alpha equal to 0.6? $2802 $3425 O $3113 O $3100 O $3201 2 of 102
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning