Actual sales for January through April are shown below.
Use exponential smoothing with α = .2 to calculate smoothed averages and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts along with the answer.

Question

Actual sales for January through April are shown below.  ​
Use exponential smoothing with α = .2 to calculate smoothed averages and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts along with the answer.

Quizplus · Accepted Answer

The Answer of Actual sales for January through April are shown below.  ​
Use exponential smoothing with α = .2 to calculate smoothed averages and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts along with the answer.

Actual Sales for January Through April Are Shown Below