The following time series shows the sales of a particular product over the past 6 months. Time (months) Sales (Y) E F 1 100 2 130 3 125 4 105 5 90 6 120 7 8 Use w = 0.2 to compute the exponential smoothing values for the time series. What is the forecast for the next two months? Graph initial and smoothed time series.
The following time series shows the sales of a particular product over the past 6 months. Time (months) Sales (Y) E F 1 100 2 130 3 125 4 105 5 90 6 120 7 8 Use w = 0.2 to compute the exponential smoothing values for the time series. What is the forecast for the next two months? Graph initial and smoothed time series.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 12CC: Suppose that the initial size of a population is n0 and the population grows exponentially. Let n(t)...
Related questions
Question
The following time series shows the sales of a particular product over the past 6 months.
Time (months) |
Sales (Y) |
E |
F |
1 |
100 |
|
|
2 |
130 |
|
|
3 |
125 |
|
|
4 |
105 |
|
|
5 |
90 |
|
|
6 |
120 |
|
|
7 |
|
|
|
8 |
|
|
|
- Use w = 0.2 to compute the exponential smoothing values for the time series.
- What is the forecast for the next two months?
- Graph initial and smoothed time series.
- Does your forecast seem to be reasonable? Explain your answer.
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