Question
Suppose that simple exponential smoothing witha= 0.40 is used to forecast monthly wine sales at a liquor store. After April's demand is observed, the forecasted
Suppose that simple exponential smoothing witha= 0.40 is used to forecast monthly wine sales at a liquor store. After April's demand is observed, the forecasted demand for May is 4500 bottles of wine. Suppose that actual demands during May and June are as follows: May, 5000 bottle of wine; June 4000 bottle of wine. After observing June's demand, what is the forecast for July's demand?
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Probability With Applications and R
Authors: Robert P. Dobrow
1st edition
1118241257, 1118241258, 978-1118241257
