Week Sales 1 20 2 32 3 29 4 24 32 6 28 7 11 8 36 Using an exponential smoothing method with alpha = 0.15, and the forecast given for Week 4 is 9, what is the exponential smoothing forecast for Week 5?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
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Question 12
Week
Sales
1
20
2
32
29
4
24
5
32
6
28
7
11
8
36
Using an exponential smoothing method with alpha = 0.15, and the forecast given for Week 4 is 9,
what is the exponential smoothing forecast for Week 5?
Transcribed Image Text:Question 12 Week Sales 1 20 2 32 29 4 24 5 32 6 28 7 11 8 36 Using an exponential smoothing method with alpha = 0.15, and the forecast given for Week 4 is 9, what is the exponential smoothing forecast for Week 5?
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