Question
A company wants to forecast its sales for the next six months. The sales data for the past 12 months are given in the table
A company wants to forecast its sales for the next six months. The sales data for the past 12 months are given in the table below. Use the exponential smoothing method with ? = 0.3 to forecast the sales for the next six months. Show all your calculations.
Month | Sales (in thousands of dollars) |
---|---|
1 | 65 |
2 | 72 |
3 | 82 |
4 | 75 |
5 | 80 |
6 | 78 |
7 | 85 |
8 | 90 |
9 | 95 |
10 | 100 |
11 | 98 |
12 | 110 |
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Operations Management in the Supply Chain Decisions and Cases
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
6th edition
73525243, 978-0073525242
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