Question: Using the exponential smoothing technique, forecast the sales for February , given a smoothing constant of 0.5 and the following: (round to a whole number)

Using the exponential smoothing technique, forecast the sales for February, given a smoothing constant of 0.5 and the following:

(round to a whole number)

Month

Actual sales

Forecast

Jan

45

60

Feb

67

?

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!