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Exponential Smoothing Calculation (20) The forecasting information for Siyafunda Trading is provided in the table below: 1 Calculate the 2023 forecast for Siyafunda Trading using

Exponential Smoothing Calculation (20) The forecasting information for Siyafunda Trading is provided in the table below:

 

1 Calculate the 2023 forecast for Siyafunda Trading using the exponential smoothing forecasting technique with a smoothing constant of 0.2 and forecast for January 2022 sales of 7025 units.

2 Explain the requirements one would use to effectively manage its inventory.

Month January February March April May June July August September October November December Actual Sales Units - Year 2022 5025 6550 7860 9655 3452 7890 8665 12775 10980 15760 9730 4950

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SOLUTION To calculate the 2023 forecast for Siyafunda Trading using exponential smoothing we can follow these steps Step 1 Initialize the forecast for January 2022 as the given value of 7025 units Ste... blur-text-image

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