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Please work out each part of problem and help me understand each step. Thanks! Sales of Volkswagens have grown steadily at auto dealerships in Nevada
Please work out each part of problem and help me understand each step. Thanks!
Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant ( ) 0.30 and a starting forecast of 410.00, the following sales forecast has been developed: The MAD for a forecast developed using exponential smoothing with =0.30 is sales (round your response to two decimal places). Forecasted sales for years 2 through 6 using exponential smoothing with =0.60 and a starting forecast of 410.00 are (round your responses to two decimal places): The MAD for a forecast developed using exponential smoothing with =0.60 is sales (round your response to two decimal places). Forecasted sales for years 2 through 6 using exponential smoothing with =0.90 and a starting forecast of 410.00 are (round your responses to two decimal places): The MAD for a forecast developed using exponential smoothing with =0.90 is sales (round your response to two decimal places)Step by Step Solution
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