Question
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 | Price Per Chip | Month | Price Per Chip |
January | $1.80 | July | $1.80 |
February | $1.61 | August | $1.85 |
March | $1.60 | September | $1.60 |
April | $1.85 | October | $1.57 |
May | $1.90 | November | $1.62 |
June | $1.95 | December | $1.75 |
This exercise contains only part d.
Part 2
With = 0.1 and the initial forecast for October of $1.79, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):
Month | Oct | Nov | Dec |
Forecast | $1.79 |
This question contains more parts that I will post below
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