We have a monthly sales volume of Widget by Widgetaire for three years (36 months). Using a
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We have a monthly sales volume of Widget by Widgetaire for three years (36 months). Using a simple exponential smoothing method, we need to compute the 95% prediction interval of the forecasts for January, February, and March of year 4 (periods 37, 38, and 39). Assume: standard deviation of error = 35.1 units, forecasted sales for all these periods are 340.6 units, the optimal alpha = 0.1, and z(0.025)= 1.96.
What is the upper bound (UB) of the 95% prediction interval for February of year 4
What is the upper bound (UB) of the 95% prediction interval for March of year 4
Related Book For
Business Statistics In Practice Using Data Modeling And Analytics
ISBN: 9781259549465
8th Edition
Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree
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