Question
Situation 1 : JDR Glass and Aluminum Supply sold 2,440 pcs of clear sealant for the month of September, higher than the company's forecast for
Situation 1 : JDR Glass and Aluminum Supply sold 2,440 pcs of clear sealant for the month of September, higher than the company's forecast for the said month which is 2,090 pcs . The company's manager use an smoothing coefficient of 0.70 .
1. Use situation 1 as your reference. Using the Naive Method , What will be the sales forecast for October . *
2. What will be the forecast for October if the manager will use exponential Smoothing ? *
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Business Statistics For Contemporary Decision Making
Authors: Black Ken
8th Edition
978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647
