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) Month

Using the exponential smoothing technique,

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 55 62 Feb 47

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!

* A second-order active filter known as a Butterworth filter is shown in Fig. 14.95. (a) Find the transfer function Vo /Vi. (b) Show that it is a lowpass filter. Figure 14.95 R R2 v, C. Vo

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...

Question 9: Forecasting: Actual sales of fridges for the first six month in 20XX were as follows: January 60 April 64 February 55 May March 62 June 70 67 Use this information and determine in whole...

1. In order to decrease the responsiveness of a forecast made using the exponential smoothing technique, what can we try? Describe with regards to smoothing constant value. 2. While monitoring the...

Question 5. (Forecasting) (17) Actual sales of washing machines for the first six month in 20XX were as follows: January 60 February 80 March 42 April 68 May 44 June 72 Use this information and...

Actual sales of TV's for the first six month in 2021 were as follows: January 60 February 80 March 42 April 68 May 44 June 72 Use this information and determine in whole numbers: 1 The average actual...

Actual demand/sale of iPhone 8 in Windhoek for the last six months of 2017 were as follows: Actual demand 82 76 Month: July August September October November December 63 83 97 124 Use this...

Question 6: Forecasting (16) Actual demand/sale of 4x4 Isuzu Bakkies at Auas Motors in Namibia for the first six months of 2018 were as follows: Month: Actual demand: January 75 February 95 March 122...

Actual demand/sale of 4x4 Isuzu Bakkies at Auas Motors in Namibia for the first six months of 2018 were as follows: Month: January February March April May June Actual demand: 75 95 122 83 93 130 Use...

Procter & Gamble is a well known organization that focusing on dairy and vary types of products are Looking after enhancement and beyond of it by improving the sales on specific brand Tide in...

Procter & Gamble is a well known organization that focusing on dairy and vary types of products are Looking after enhancement and beyond of it by improvingthe sales on specific brand "Tide" in...

1. Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item....

What do the terms EAR and APR mean? What are the main differences between the two? Under what circumstances could they be similar or vary greatly for the same investment? The text presents several...

The general purpose of Form 5 4 7 1 is to provide the IRS with information about the shareholders, income, balance sheet, and activities of foreign corporations owned by US shareholders.

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...