Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the Lottery data set below, o = 0.3, and / = 0.2 to calculate the adjusted exponential smoothing forecast for the number of lottery

image text in transcribed
image text in transcribed
Use the Lottery data set below, o = 0.3, and / = 0.2 to calculate the adjusted exponential smoothing forecast for the number of lottery tickets that will be sold in January 2021. Assume the forecast component for July to be the actual value of July minus the initial trend, Let the initial trend be 70 tickets. Round your answer to two decimal places, if necessary. 2020 Month Number of Tickets July 1033 August 1192 September 1907 October 1901 November 1869 December 1084 Copy Data

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics In Middle And Secondary School A Problem Solving Approach

Authors: Alexander Karp, Nicholas Wasserman

1st Edition

1623968143, 9781623968144

More Books

Students also viewed these Mathematics questions

Question

What language or languages are spoken in your home?

Answered: 1 week ago