Question: Week Price (RM/share) Forecast ( = . ) Forecast Error Jul 04, 2021 1.71 Jul 11, 2021 1.75 Jul 18, 2021 1.72 Jul 25, 2021
| Week | Price (RM/share) | Forecast ( = . ) | Forecast Error |
| Jul 04, 2021 | 1.71 |
|
|
| Jul 11, 2021 | 1.75 |
|
|
| Jul 18, 2021 | 1.72 |
|
|
| Jul 25, 2021 | 1.70 |
|
|
| Aug 01, 2021 | 1.74 |
|
|
| Aug 08, 2021 | 1.75 |
|
|
| Aug 15, 2021 | 1.79 |
|
|
| Aug 22, 2021 | 1.74 |
|
|
| Aug 29, 2021 | 1.76 |
|
|
| Sep 05, 2021 | 1.76 |
|
|
The data below shows the historical share price of Sunway Bhd (SWAY) for the past 10 weeks. Obtain a trend value for this data using exponential smoothing with a smoothing constant of = 0.3. Hence, find the forecasted share price for the week Sep 12, 2021. (Please show all steps clearly and round the forecasted figure to 2 decimal places).
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help