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

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Question

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

ans: _______________

Answer 1

Answer #1

Ans. 2012 - 194

2013 = 0.3 ( 169 ) + 0.7 ( 194 ) = 186.5

2014 = 0.3 ( 175 ) + 0.7 ( 186.5 ) = 183.05

2015 - The forecast of year 2015 is just the average of year 2014 .

Ans : 183.05

Best of Luck !! Keep Chegging !!

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Answer 2

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