QUESTION 1 Sales of a particular product for the years 2017 through 2020 have been 47,150, 52,477, 64,750 and 76,852 respectively. Taking actual 2017 sales of 47,150 as the forecast for 2018, what sales would you forecast for 2021 using exponential smoothing and a weight on actual value of 0.18?

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
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ISBN:9781305084766
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Chapter20: Engineering Economics
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QUESTION 1
Sales of a particular product for the years 2017
through 2020 have been 47,150, 52,477, 64,750 and
76,852 respectively.
Taking actual 2017 sales of 47,150 as the forecast for
2018, what sales would you forecast for 2021 using
exponential smoothing and a weight on actual value
of 0.18?
Transcribed Image Text:QUESTION 1 Sales of a particular product for the years 2017 through 2020 have been 47,150, 52,477, 64,750 and 76,852 respectively. Taking actual 2017 sales of 47,150 as the forecast for 2018, what sales would you forecast for 2021 using exponential smoothing and a weight on actual value of 0.18?
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