Use Exponential smoothing with alpha=0.3 to forecast the sales for 2015 using the data given below...

Question

Question

Use Exponential smoothing with alpha=0.3 to forecast the sales for 2015 using the data given below (Use two decimal points):

I HAVE 8 MINUTES TO ANSWER THIS PLEASE!!

Answer 1

Answer #1

2014 forecast= 0.3*195+0.7*154=166.3

2015 forecast= 0.3*169+ 0.7*166.3=167.11

answer:
forecast for 2015 is 167.11

Answer 2

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