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5. The company asks managers to develop a forecasting model based on sales data as follows: Year 2012 Period Q1 Q2 Q3 Q4 Q1 Q2

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5. The company asks managers to develop a forecasting model based on sales data as follows: Year 2012 Period Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Sale 165,000 253,000 316,000 287,000 257,000 308,000 376,000 351,000 2013 1) Determine the smoothed level on an exponential basis? (7.5) 2) Determine the standard errors for sales in 2013? (7.5) Year Period Sale Standard Smoothed levels errors 2012 #NA #NA #NA #NA #NA Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 165,000 253,000 316,000 287,000 257,000 308,000 376,000 351,000 2013

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