Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Week Sales 1 5 4 9 4 . 7 4 0 0 2 5 6 3 2 . 4 4 0 0 3 5 4

Week Sales
15494.7400
25632.4400
35413.1400
45613.0600
55498.8200
65610.0000
75388.6600
85281.5600
94929.6600
105113.2600
115140.8000
125528.4000
135216.2800
145177.5200
155027.5800
165335.6200
175097.9600
185018.4000
195073.4800
204986.7800
215163.2400
224821.5400
235213.2200
245492.7000
255136.7200
264965.3600
275137.7400
285461.0800
295118.3600
b. Use simple exponential smoothing with \alpha =0.3 to forecast sales for the 31st week. (Do not round intermediate calculations. Round final answer to 2 decimal places.)
c-1. Report the performance measures for the techniques in parts a and b.(Do not round intermediate calculations. Round final answers to 2 decimal places.)
image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

Concise 6th Edition

324664559, 978-0324664553

More Books

Students also viewed these Finance questions