Question
Use simple exponential smoothing with a = : 0.33 to forecast the tyre sales (in millions) of a NYSE-listed company from February to May.
Use simple exponential smoothing with a = : 0.33 to forecast the tyre sales (in millions) of a NYSE-listed company from February to May. Assume that the forecast for January was for 22 million sets of tyres. Month January February March April Automobile Tyre Sales 28 21 39 34 Question 2 2.) For the data on the year-end Automotive Sales of ABC company below: Year 2008 2009 2010 2011 2012 2013 2014 Automobi le Sales 116 105 29 59 108 94 27 Year 2015 2016 2017 2018 2019 2020 50 Points 2021 Automobi le Sales 119 34 34 48 53 65 111 (a) (b) (c) (d) Determine the least squares regression line. Determine the predicted value for 2022. Determine the MAD. Determine the unadjusted forecasting MSE.
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
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