The following table shows the monthly sales of a company for the past 12 months:

Month	Sales (in thousands)
1	60
2	70
3	80
4	90
5	100
6	110
7	120
8	130
9	140
10	150
11	160
12	170

Use the method of exponential smoothing to forecast the sales for the next month (Month 13) using ? = 0.2. Show all calculations and explain your reasoning.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Exponential smoothing is a popular fore... View the full answer