The sales data for a company for the past 6 years is given in the table below Year Sales (in thousands) 2017 400 2018 450 2019 520 2020 600 2021 680 2022 750 Using the method of exponential smoothing, forecast the sales for the year 2023 with a smoothing constant of 0 4 Show all calculations and ex...

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The sales data for a company for the past 6 years is given in the table below:

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The sales data for a company for the past 6 years is given in the table below:

Year	Sales (in thousands)
2017	400
2018	450
2019	520
2020	600
2021	680
2022	750

Using the method of exponential smoothing, forecast the sales for the year 2023 with a smoothing constant of 0.4. Show all calculations and explain your reasoning.

Related Book For answer-question

Introduction to Operations Research

ISBN: 978-1259162985

10th edition

Authors: Frederick S. Hillier, Gerald J. Lieberman

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Posted Date: Mar 06, 2023 03:53 AM

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The sales data for a company for the past 6 years is given in the table below:

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Introduction to Operations Research

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