Question: Historical sales data is shown below. Week Actual Forecast 1 471 500 2 471 3 452 4 375 5 386 6 Round to nearest two
Historical sales data is shown below.
| Week | Actual | Forecast | ||||
| 1 | 471 | 500 | ||||
| 2 | 471 | |||||
| 3 | 452 | |||||
| 4 | 375 | |||||
| 5 | 386 | |||||
| 6 | ||||||
Round to nearest two decimal places
Using alpha () = 0.1, what is the exponential smoothing forecast for period 6?
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
