Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

I'm trying to forecast how many TV's my shop will sell in 2021. I have data for the previous 4 years: 2017: 59, 2018: 29,

I'm trying to forecast how many TV's my shop will sell in 2021. I have data for the previous 4 years: 2017: 59, 2018: 29, 2019: 53, 2020: 76 What is the forecast for 2021, using exponential smoothing method, given the forecast 2019 is 3500 and alpha is 0.8? Round to nearest whole number

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Square Summable Power Series

Square Summable Power Series

Authors: Louis De Branges, James Rovnyak

1st Edition

0486801365, 9780486801360

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Let A be a nonempty subset of X that is partially ordered by . If A has a least upper bound, then it is unique. Similarly A has at most one greatest lower bound.

Answered: 1 week ago

Question

★★★★★

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,240 and two jobs in process: Job No. 429 $2,580, and Job No. 430 $1,660. During May,...

Answered: 1 week ago

Question

★★★★★

What are some unforeseen costs of ERP?

Answered: 1 week ago

Question

★★★★★

Resolve Problem 5-29 with = 0.3. Using MAD, which smoothing constant provides a better forecast?

Answered: 1 week ago

Question

★★★★★

I'm trying to forecast how many TV's my shop will sell in 2021. I have data for the previous 4 years: 2017: 59, 2018: 29, 2019: 53, 2020: 76 What is the forecast for 2021, using exponential smoothing...

Answered: 1 week ago

Question

★★★★★

Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Sales CM ratio Product...

Answered: 1 week ago

Question

★★★★★

Make detailed notes on the following aspects: The impact of PESTEL and other external trends on the snack industry.please answer this question based on these information in Boho Bars Haney s partner,...

Answered: 1 week ago

Question

★★★★★

Identify at least three credible and authoritative sources for health and safety information which can be used in an Early Childhood Setting and explain how they can be used to inform practice. Work...

Answered: 1 week ago

Question

★★★★★

The article "Have a Social Media Account for Your Baby? 40% of Millennial Moms Do"+ reported on a survey conducted by Gerber of 1,000 women age 18 to 34 who had children under the age of 2. Of those...

Answered: 1 week ago

Question

★★★★★

Clean Air is a manufacturer of dust collection systems for home workshops. Each of the systems requires a filter bag to trap sawdust and shavings from woodworking equipment. Clean Air manufactures...

Answered: 1 week ago

Question

★★★★★

For Saint's Day - Valentin, Mons. Beau wants to surprise his wife with a new car of its color f r e , blue. He discussed of his car buying plans with his friend, Mons. Drew, who suggested r that...

Answered: 1 week ago

Question

★★★★★

Ethical coordination. This would apply to the motivation of those in enterprises who were prepared to give up their personal time and make sacrifices for the good of the enterprise. The extent to...

Answered: 1 week ago

Question

★★★★★

soyuzno-respublicanskie (Union-republican, linked to affiliated ministries within the Soviet republics where there was a need for more management decentralization in industries such as...

Answered: 1 week ago

Question

★★★★★

Market coordination. The extent to which horizontal market linkages existed within the formal sector was minimal, or non-existent. Enterprises could be typified as having a lack of relationship with...

Answered: 1 week ago

Previous Question Next Question