Time left 0:30:19 The sales of XYZ company for the previous three periods are 45,42, and 43 respectively. Estimate the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial forecast (Round to 2 decimals)

Time left 0:30:19 The sales of XYZ company for the previous three periods are 45,42, and 43 respectively. Estimate the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial forecast (Round to 2 decimals)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

Question

tions Management Spring21
Time left 0:30:19
Qui
The sales of XYZcompany for the previous three periods are 45, 42, and 43 respectively. Estimate
the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial
forecast (Round to 2 decimals)
O a. 42.8
O b. 41
Mar
O C. None is correct
12-
O d. 43.25
O e. 41.92
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