Forecast sales for the 11th period. For leveling, use exponential smoothing 0.20 and moving average 3 for averaging; and linear and exponential functions for trend data. Assume an initial exponential forecast of 60 units in period 2 if you decide to use it (i.e., no forecast for period 1). Period 1 2 3 4 5 6 7 8 9 10 Sales 748 690 731 869 845 956 1200 1062 1090 1200
Forecast sales for the 11th period. For leveling, use exponential smoothing 0.20 and moving average 3 for averaging; and linear and exponential functions for trend data. Assume an initial exponential forecast of 60 units in period 2 if you decide to use it (i.e., no forecast for period 1). Period 1 2 3 4 5 6 7 8 9 10 Sales 748 690 731 869 845 956 1200 1062 1090 1200
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
Related questions
Question
Period |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
Sales |
748 |
690 |
731 |
869 |
845 |
956 |
1200 |
1062 |
1090 |
1200 |
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