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).
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)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 27T
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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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