Sales of Cool-Man air conditioners have grown steadily during the past 5 years: (Round your answersto 2 decimal places.)ForecastForecastYearSales(a = 0.30)(a0.90)1450410.0410.004953518470.60490.1045635584495.206?1. The sales manager had predicted, before the business started, that year 1's sales would be 410air conditioners. Using exponential smoothing with a weight of a= 0.30, complete theForecast column to develop forecasts for years 2 through 6. What is the MADa=0.30 ?2. Using exponential smoothing with a weight of a = 0.90, develop forecasts for years 2through 6 by completing the Forcast column in the table. What is the MAD-0,90 ?3. Using the trend projection method, develop a forecasting model to project sales for year 6.2.

Case 1: As per the given table Following is the excel solution: Following are the formulas used:…

Sales of Cool-Man air conditioners have grown steadily during the past 5 years: (Round your ans to 2 decimal places.) Forecast Forecast Year Sales (a = 0.30) (a = 0.90) 1 450 410.0 410.00 495|| 3 518 470.60 490.10 563

Sales of Cool-Man air conditioners have grown steadily during the past 5 years: (Round your ans to 2 decimal places.) Forecast Forecast Year Sales (a = 0.30) (a = 0.90) 1 450 410.0 410.00 495|| 3 518 470.60 490.10 563

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

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