Simple Moving Average Sales forecast in 4-1 equal $65,500. Show by hand 4-2 Using exponential smoothing with a weight of 0.6 on actual values: (a) If sales are $45,000 and $50,000 for 2017 and 2018, what would you forecast for 2019 ? (The first forecast is equal to the value of the preceding year.)  (b) Given this forecast and actual 2019 sales of $53,000, what would you then forecast for 2020?   4-3 In Problem 4-1, taking actual 2015 sales of $48,000bas the forecast for 2016, what sales would you for cast for 2017, 2018, and 2019, using exponential smoothing and a weight on actual values of (a) 0.4 and (b) 0.8 ?

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Asked Feb 17, 2020
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Simple Moving Average Sales forecast in 4-1 equal $65,500. Show by hand 4-2 Using exponential smoothing with a weight of 0.6 on actual values: (a) If sales are $45,000 and $50,000 for 2017 and 2018, what would you forecast for 2019 ? (The first forecast is equal to the value of the preceding year.)  (b) Given this forecast and actual 2019 sales of $53,000, what would you then forecast for 2020?   4-3 In Problem 4-1, taking actual 2015 sales of $48,000bas the forecast for 2016, what sales would you for cast for 2017, 2018, and 2019, using exponential smoothing and a weight on actual values of (a) 0.4 and (b) 0.8 ?   

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Expert Answer

Step 1

Hello! As you have posted 2 different questions, we are answering the first question (4-2). In case you require the unanswered question also, kindly re-post them as separate question.

Step 2

4-2)

 

(a)

 

Given that,

The sales for 2017 is $45,000.

The sales for 2018 is $50,000.

Exponential smoothing weight as 0.6. That is, α=0.6.

 

The formula for Exponential smoothing:

Statistics homework question answer, step 2, image 1

Statistics homework question answer, step 2, image 2

Thus, the forecast sales for 2019 is $48,000.

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