If sales are 32,897, 50,457 and 45,293 for 2018, 2019 and 2020, what would you forecast for 2021 using exponential smoothing with a weight of 0.5? (The first forecast is equal to the actual value of the preceding year).

Trigonometry (MindTap Course List)
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ISBN:9781337278461
Author:Ron Larson
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Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
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If sales are 32,897, 50,457 and 45,293 for 2018, 2019 and 2020, what would you forecast for 2021 using exponential smoothing with a weight of 0.5? (The first forecast is equal to the actual value of the preceding year).
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