A company finds its actual sales during the first, second, and third quarters to be 183.5, 162.3, and 141 respectively. The initial forecast for the first quarter was 350.3052 and the forecast obtained by the exponential smoothing method without trend adjustment gave sales figures of 176 for the third quarter. You are not given the forecast for the second quarter. Find the value of alpha.
A company finds its actual sales during the first, second, and third quarters to be 183.5, 162.3, and 141 respectively. The initial forecast for the first quarter was 350.3052 and the forecast obtained by the exponential smoothing method without trend adjustment gave sales figures of 176 for the third quarter. You are not given the forecast for the second quarter. Find the value of alpha.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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A company finds its actual sales during the first, second, and third quarters to be 183.5, 162.3, and 141 respectively. The initial
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