The table below shows the sales of widgets (in units) over the past 5 years. Using...
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The table below shows the sales of widgets (in units) over the past 5 years. Using exponential smoothing with a smoothing constant of 0.2, what is the forecast for next year? The initial forecast (for 5 years ago) was 1,300 units. Forecast: Time 5 years ago 4 years ago 3 years ago 2 years ago Last year Sales 1,450 1,400 1,220 1,240 1,430 The table below shows the sales of widgets (in units) over the past 5 years. Using exponential smoothing with a smoothing constant of 0.2, what is the forecast for next year? The initial forecast (for 5 years ago) was 1,300 units. Forecast: Time 5 years ago 4 years ago 3 years ago 2 years ago Last year Sales 1,450 1,400 1,220 1,240 1,430
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Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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