The following data represent the average number of employees in outlets of a large consumer electronics retailer:
Question:
The following data represent the average number of employees in outlets of a large consumer electronics retailer:
b. Calculate forecasts for each of the years in the time series. Use a smoothing constant of 0.25 and single exponential smoothing.
c. Calculate the MAD value for the forecasts you generated in part b.
d. Construct a single exponential smoothing forecast for 2011. Use a smoothing constant of 0.25.
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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