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1.Sales of Cool-Man air conditioners have grown steadily during the past 5 years according to the following table: (a)The sales manager had predicted, before the
1.Sales of Cool-Man air conditioners have grown steadily during the past 5 years according to the following table:
(a)The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of a=0.3, develop forecasts for years 2 through 6.
(b)Use a three-year moving average forecasting model to forecast the sales of Cool-Man air conditioners.
(c)Use linear trend method to forecast the sale in Year 6.
Year
1
2
3
4
5
6
Sales
450
495
518
563
584
?
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