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?
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)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 24P
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