Actual sales for January through April are shown below. Use exponential smoothing with = 0.2 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 of your computations.

Question

Actual sales for January through April are shown below.  Use exponential smoothing with  = 0.2 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 of your computations.

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The Answer of Actual sales for January through April are shown below.  Use exponential smoothing with  = 0.2 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 of your computations.

Actual Sales for January Through April Are Shown Below