Question: Use exponential smoothing forecasting method to forecast the sales value provided in the table below for periods 2-10. For the first period use Nave forecasting.
Use exponential smoothing forecasting method to forecast the sales value provided in the table below for periods 2-10. For the first period use Nave forecasting. (Assume F1=A1=30) and (=0.3). Please show your work.
| Day | Sales | Forecast for Sales |
| 1 | 30 |
|
| 2 | 31 |
|
| 3 | 28 |
|
| 4 | 37 |
|
| 5 | 35 |
|
| 6 | 29 |
|
| 7 | 26 |
|
| 8 | 32 |
|
| 9 | 35 |
|
| 10 | 28 |
|
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