A company wants to forecast its sales for the next six months. The sales data for the
Fantastic news! We've Found the answer you've been seeking!
Question:
A company wants to forecast its sales for the next six months. The sales data for the past 12 months are given in the table below. Use the exponential smoothing method with ? = 0.3 to forecast the sales for the next six months. Show all your calculations.
Month | Sales (in thousands of dollars) |
---|---|
1 | 65 |
2 | 72 |
3 | 82 |
4 | 75 |
5 | 80 |
6 | 78 |
7 | 85 |
8 | 90 |
9 | 95 |
10 | 100 |
11 | 98 |
12 | 110 |
Related Book For
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
Posted Date: