Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant(α)of0.30and a starting forecast of415.00,the following sales forecast has been developed: YearSalesForecasted Sales2005455415.002006502427.002007518449.502008563470.052009584497.94Part 2The MAD for a forecast developed using exponential smoothing withα=0.30isenter your response heresales (round your response to two decimal places).Part 3Forecasted sales for years 2006 through 2010 using exponential smoothing withα=0.60and a starting forecast of415.00are (round your responses to two decimalplaces): Year200520062007200820092010Forecasted Sales415.00enter your response hereenter your response hereenter your response hereenter your response hereenter your response herePart 4The MAD for a forecast developed using exponential smoothing withα=0.60isenter your response heresales (round your response to two decimal places).Part 5Forecasted sales for years 2006 through 2010 using exponential smoothing withα=0.90and a starting forecast of415.00are (round your responses to two decimalplaces): Year200520062007200820092010Forecasted Sales415.00enter your response hereenter your response hereenter your response hereenter your response hereenter your response herePart 6The MAD for a forecast developed using exponential smoothing withα=0.90isenter your response heresales (round your response to two decimal places). Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during thepast 5 years (see table below). Using exponential smoothing with a smoothing constant (x) of 0.30and a starting forecast of 415.00, the following sales forecast has been developed:DYear20052006200720082009Forecasted Sales2005415.00SalesThe MAD for a forecast developed using exponential smoothing with α = 0.30 isresponse to two decimal places).4555025185635842006Forecasted sales for years 2006 through 2010 using exponential smoothing with α = 0.60 and astarting forecast of 415.00 are (round your responses to two decimal places):Year2005Forecasted Sales 415.00ForecastedSales415.00427.00449.50470.05497.9420072008 2009The MAD for a forecast developed using exponential smoothing with a = 0.60 isresponse to two decimal places).sales (round your2008 2009Forecasted sales for years 2006 through 2010 using exponential smoothing with α = 0.90 and astarting forecast of 415.00 are (round your responses to two decimal places):Year20062007The MAD for a forecast developed using exponential smoothing with α = 0.90 isresponse to two decimal places).2010sales (round your2010sales (round your

Exponential smoothing forecasting is a time series forecasting method that uses weighted averages of…

Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (α) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Year 2005 2006 2007 2008 2009 The MAD for a forecast developed using exponential smoothing with a = 0.30 is response to two decimal places). 2005 2006 415.00 Sales 455 502 518 563 584 Forecasted Sales 415.00 427.00 449.50 470.05 497.94 Forecasted sales for years 2006 through 2010 using exponential smoothing with α = 0.60 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2007 Forecasted Sales 2005 2006 The MAD for a forecast developed using exponential smoothing with α = 0.60 is response to two decimal places). Forecasted Sales 415.00 2008 2009 sales (round your Forecasted sales for years 2006 through 2010 using exponential smoothing with α = 0.90 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2007 2008 2009 The MAD for a forecast developed using exponential smoothing with a = 0.90 is response to two decimal places). 2010 sales (round your 2010 sales (round your

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

The MAD for a forecast developed using exponential smoothing with

0.30

enter your response here

sales (round your response to two decimal places).

Forecasted sales for years 2006 through 2010 using exponential smoothing with

0.60

and a starting forecast of

415.00

are (round your responses to two decimal

places):

Year	2005	2006	2007	2008	2009	2010
Forecasted Sales	415.00	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here