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Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Price Per Chip $1.90 $1.61 $1.60 $1.85 $1.90 $1.95 Month July August September October November December Price Per Chip $1.80 $1.85 $1.60 $1.57 $1.62 $1.75 This exercise contains only part d. With a = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Oct Nov Dec Forecast $1.83
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