Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sales of Volkswagens have grown steadey at auto doalerships in Nevada during the past 5 years (see table below) Using exponential smoothing with a smoothing

image text in transcribed
Sales of Volkswagens have grown steadey at auto doalerships in Nevada during the past 5 years (see table below) Using exponential smoothing with a smoothing constant (a) of 0.30 and a star forecast of 415,00 , the following sales forecast has been developed: The MAD for a forecast developed using exponential smoothing with a=0.30 is sales (round your response to ho decimal places). Forecasted saies for years 2 ehrough 6 using exponemial smoching with =0,60 and a starting forecast of 41500 are (round your respontes fo hro decimal ploces): The MAD for a forecast developed using exponental smoothing with a =0.60 is sales (round your rosponse fo two decimal places)

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

Step: 3

blur-text-image

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

Organizational Behavior Managing People and Organizations

Authors: Ricky W. Griffin, Gregory Moorhead

11th edition

978-1305258334, 1133626696, 9781285633183, 1305258339, 1285633180, 978-1133626695

More Books

Students also viewed these General Management questions

Question

elite electric company case study motivation

Answered: 1 week ago