Question: Forecast starting from February using adjusted exponential smoothing model to forecast January 2021 Table 1 2020 Actual Sales Unadjusted Forecast Trend Adjusted Forecast January 280
Forecast starting from February using adjusted exponential smoothing model to forecast January 2021
| Table 1 2020 Actual | Sales | Unadjusted Forecast | Trend | Adjusted Forecast |
| January | 280 | |||
| February | 380 | |||
| March | 480 | |||
| April | 610 | |||
| May | 670 | |||
| June | 720 | |||
| July | 680 | |||
| August | 660 | |||
| September | 580 | |||
| October | 520 | |||
| November | 470 | |||
| December | 350 | |||
| January.2021 |
(Alfa)a=0.8; (beta) b=0.3
Use actual data from Table 1 for 2 and 4 Periods Moving average Forecast to forecast January 2021
| 2 period Forecast | 4 period Forecast | |||
| January. 2021 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
