If sales are 43,453, 44,251 and 38,501 for2018, 2019 and 2020, what would you forecastfor 2021 using exponential smoothing with aweight of 0.82?(The first forecast is equal to the actual valueof the preceding year).

Given:- 2018 sale 43 ,453 2019 sale 44,251 and 2020 sale 38,501 weight=0.82 To find:- forecast for…

Answered: If sales are 43,453, 44,251 and 38,501…

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 19P

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If sales are 43,453, 44,251 and 38,501 for 2018, 2019 and 2020, what would you forecast for 2021 using exponential smoothing with a weight of 0.82?