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The manager at a convenience store wants to forecast sales for an item THIS WEEK based on the following historical data: WEEK ACTUAL SALES (Number of units sold)

Six weeks ago 150

Five weeks ago 300

Four weeks ago 450

Three weeks ago 600

Two weeks ago 750

One week ago 900

THIS WEEK NOT KNOWN

Determine the sales forecast for THIS WEEK using exponential smoothing method with smoothing constant, α = 0.3 and the sales forecast for two weeks ago = 740 units. Select one:

a. 793.1 units

b. 794.1 units

c. 792.1 units

d. 790.1 units

e. 791.1 units

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92559479

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