The Miracle Corporation had the following sales during the past 10 years (in thousands of dollars): a.

Question:

The Miracle had the following sales during the past 10 years (in thousands of dollars):

The Miracle Corporation had the following sales during the past

a. Calculate a trend line, and forecast sales for 2013. How confident are you of this forecast?
b. Use exponential smoothing with a smoothing factor Ï‰ = 0.7. What is your 2013 forecast? How confident are you of this forecast?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...