The sales for the particular product are given for last 7 months. Month Sales Demand February 19 March 18 April 15 May 20 June 18 July 22 August 20 Forecast September sales volume using each of the following: (1) Exponential smoothing with a smoothing constant equal to 0.2, assuming August month forecast of 21. (2) A weighted average using 0.60 for August, 0.30 for July, and 0.10 for June.

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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The sales for the particular product are given for last 7 months.
Month
Sales
Demand
February
19
March
18
April
15
May
20
June
18
July
22
August
20
Forecast September sales volume using each of the following:
(1) Exponential smoothing with a smoothing constant equal to 0.2, assuming August month forecast of 21.
(2) A weighted average using 0.60 for August, 0.30 for July, and 0.10 for June.
Transcribed Image Text:The sales for the particular product are given for last 7 months. Month Sales Demand February 19 March 18 April 15 May 20 June 18 July 22 August 20 Forecast September sales volume using each of the following: (1) Exponential smoothing with a smoothing constant equal to 0.2, assuming August month forecast of 21. (2) A weighted average using 0.60 for August, 0.30 for July, and 0.10 for June.
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