Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Zephyr is a manufacturer of paper towels, napkins, and toilet paper. The manager of the Zephyr factory in South Carolina needs your help as an

Zephyr is a manufacturer of paper towels, napkins, and toilet paper. The manager of the Zephyr factory in South Carolina needs your help as an analyst to forecast sales of their Select-A-Size Paper Towel packs. The sales data for this product in the past 12 months is shown below (Note that month 1 refers to sales made 12 months ago. Month 12 refers to sales made last month.):
Month Sales (in millions of packs)
11335
21334
31340
41342
51353
61358
71375
81376
91407
101423
111470
121498
Quesiton 12: You have realized that the sales for Select-A-Size Paper Towel packs have been increasing over the past year. You have learned that the double exponential smoothing method can account for such a trend in the data.
Use double exponential smoothing method to forecast sales for months 2 to 12, assuming S_1=1335 T_1=15 and set a (alpha)=0.8 B (beta)=0.2
What is the forecast for the 10th month? If your answer is not an integer, provide at least three decimal places, e.g.,7.500.

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

Outpatient Management Of HIV Infection

Authors: Joseph Masci

4th Edition

1420087355, 9781420087352

More Books

Students also viewed these General Management questions