Question: 1 . You are a supply chain analyst for a company that manufactures and distributes solar - powered garden lights. Due to a rising interest
You are a supply chain analyst for a company that manufactures and distributes solarpowered garden lights. Due to a rising interest in renewable energy products, sales have been steadily increasing. Your task is to forecast the next month's sales to ensure that production aligns with demand. pts
Monthly Sales Data in units for SolarPowered Garden Lights
Month
Sales
January
February
March
April
May
June
July
August
September
October
November
December
a Using the Simple Exponential Smoothing method, forecast the sales for the next month January of the following year using alpha
Calculate and use the tracking signal to monitor the accuracy of the forecast. Comment on whether the forecast is performing well.
Hint: Tracking signal is based on historical data
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
