The historical sales of smart watches sold by On Time Retails is given in the table below.

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begin{tabular}{|l|c|c|c|c|c|c|} hline & multicolumn{6}{|c|}{ Week no } hline & 1 & 2 & 3 & 4 & 5 & 6 hline Sales (

The historical sales of smart watches sold by On Time Retails is given in the table below. Based on detailed analysis (not shown here) its sales manager has decided to use Simple Exponential Smoothing method to forecast the sales.

(A) Forecast the sales for week no 7, if alpha=0.2.

What value of the smoothing constant, alpha, should the manager choose- alpha=0.2 or alpha=0.7?

Assume forecast for Week no-1 was 420 watches. Show all calculations

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Oct 18, 2022 12:58 AM

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The historical sales of smart watches sold by On Time Retails is given in the table below.

Question:

Sales (Units) 1 450 2 400 Week no 4 3 250 350 5 16. 425 375 Sales (Units) 1 450 2 400 Week no 4 3 250 350 5 16. 425 375

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Financial Management for Public Health and Not for Profit Organizations

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