Question: Use simple exponential smoothing with alpha = 0 . 3 to forecast battery sales for February through April. Assume that the forecast for January was

Use simple exponential smoothing with alpha =0.3 to forecast battery sales for February through April. Assume that the forecast for January was for 22 batteries.
\table[[Month,Sales,Forecast],[January,42,22],[February,33,],[March,28,],[April,59,]]
Use simple exponential smoothing with alpha =0.3 to forecast battery sales

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!

Q:

A firm uses simple exponential smoothing with a = 0. 3 to forecast demand. The forecast for the first week of January was 500 units, whereas actual demand turned out to be 450 units. (a) Forecast the...

Q:

Months Tire Sales Forecast Jan 28 22 Feb 21 Mar 39 Apr 34 May Use simple exponetial smoothing with alpha = 0.3 to forecast the tire sales for February through May. Assume that the forecast for...

Q:

The BAKERY sells pizza bases. The monthly orders for pizza bases for the last 9 months are as follows: month pizza bases January 1913 February 1652 March 1852 April a. Calculate a 3 period moving...

Q:

Data is complete. Please check all 3 pictures since its the same problem. 3. The UNCW store manager requested all employees to report the average monthly sales of small-sized UNCW sweatshirts for the...

Q:

ASSIGNMENT MODEL Use simple exponential smoothing with \ alpha = 0 . 3 to forecast battery sales for February through May. Assume that the forecast for January was for 2 2 batteries. Month Automobile...

Q:

Can you please show the work step by step ..thank you e The following is a payoff table giving profits for various situations. Alternatives Alternative 1 Alternative 2 Alternative 3 Do Nothing...

Q:

Questions JPEG 1) Calculate (a) MAD, (b) MSE, and (c) MAPE for the following forecast versus actual sales figures. (Please round to four decimal places for MAPE.) Actual Forecast Error Abs(error)...

Q:

I just want the final answer ... without explanation Question 11 Not yet answered Marked out of 1.00 Flag question The panel consensus forecasting approach requires that the forecasting team discuss...

Q:

ACTUAL 111 Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better...

Q:

Problem 18-17 (Algo) Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method...

Q:

Three identical balls each of mass 5 kg are connected with each other. As shown in figure, and rests over a smooth horizontal table. At moment t= 0 ball B is given velocity 9m/sec then velocity with...

Q:

= C Given the matrix A = a11 012 021 022] construct a rotation matrix so that the (1,2) and (2.1) entries in QA are the same. Write a Matlab script file to implement this problem.

Q:

How would we evaluate Wendy's relative to its peers on a P / E and Dividend Yield basis? Wendy'sis relatively expensive becerte it has a matively high P / E ratio and low Dividend yield. Wendy's is...

Q:

I need help with task 1, can anyone help me solve it? Task 1: Use PCA from previous assignment to convert data from 4D to 2D. If you did not manage to implement PCA, you can simply use first 2...