Business, 15.11.2019 20:31 alexcontreras32
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
110
five weeks ago
220
four weeks ago
330
three weeks ago
440
two weeks ago
550
one week ago
660
this week
not known
determine the sales forecast for this week using exponential smoothing method with smoothing constant, α = 0.4 and the sales forecast for two weeks ago = 540 units.
591.4 units
588.4 units
592.4 units
590.4 units
589.4 units
Answers: 1
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