Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The monthly sales of a retailer are as follows: Month Unit Sales January 55 February 60 March 70 Considering =0.4, use Exponential smoothing to forecast
The monthly sales of a retailer are as follows:
Month | Unit Sales |
January | 55 |
February | 60 |
March | 70 |
Considering =0.4, use Exponential smoothing to forecast the sale inApril(The forecasted sale for January is equal to 50). What is the forecast of April?
Select one:a. 55.2b. 61.12c. 70.85d. 52
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