Question: Pls describe the Exponential Smoothing forecasting methods (5 marks) and solve below forecasting problem with using Exponential Smoothing technique It has been almost 1 year
Pls describe the Exponential Smoothing forecasting methods (5 marks) and solve below forecasting problem with using Exponential Smoothing technique
It has been almost 1 year that Costa coffee had opened a new branch at City Mall of Muscat, and sales performance of coffee shop is going well. The head office has been curious about progress of store, and they asked the store manager to forecast expected sales of period 12, where below table shows the monthly sales in OMR in Thousand. What will be the projected sales of Costa Coffee at:
- value is at 0.2 (2.5 marks)
- value is at 0.4 (2.5 marks)
- value is at 0.7 (5marks)
- and visualize all forecast on graph (5 marks)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
