Actual sales for january through april are shown belowmonth, Ask an Expert

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Actual sales for January through April are shown below.

Month Actual Sales (A)

January 18

February 25

March 30

April 40

May

Use exponential smoothing with a smoothing constant = 0.4 to calculate smoothed values and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all of your computations from February through May.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91010128

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