Question: Question (2 ): Referred to your understanding about forecasting, solve the following problems: (10 marks) Sales of Volkswagens popular Beetle have grown steadily at auto

Question (2): Referred to your understanding about forecasting, solve the following problems: (10 marks)

  1. Sales of Volkswagens popular Beetle have grown steadily at auto dealership during the past years (see the table below). The sales manager had predicted in 2005 sales would be 410 cars. Using exponential smoothing with a weight of = 0.30, develop forecasts for 2006 and 2007.

Year

Sales

Forecast

2005

450

410

2006

495

2007

518

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