Question: Problem 3 - 6 ( Algo ) The following tabulations are actual sales of units for six months and a starting forecast in January. a

Problem 3-6(Algo)
The following tabulations are actual sales of units for six months and a starting forecast in January.
a. Calculate forecasts for the remaining five months using simple exponential smoothing with \(\alpha=0.4\). Note: Round your answers to the nearest whole number.
b. Calculate the MAD for all the forecasts, including January's.
Note: Round your answer to 1 decimal place.
MAD
 Problem 3-6(Algo) The following tabulations are actual sales of units for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!