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Sales of Cool-Man air conditioners have grown steadily during the past 5 years: YEAR SALES 1 450 2 495 3 518 4 563 5 584
Sales of Cool-Man air conditioners have grown steadily during the past 5 years:
YEAR | SALES |
---|---|
1 | 450 |
2 | 495 |
3 | 518 |
4 | 563 |
5 | 584 |
6 | ? |
The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of
=0.30,
develop forecasts for years 2 through 6.
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