Actual sales for January through April are shown below. Use exponential smoothing with = 0.3 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.

Question

Actual sales for January through April are shown below.  Use exponential smoothing with  = 0.3 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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The Answer of Actual sales for January through April are shown below.  Use exponential smoothing with  = 0.3 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.

Actual Sales for January Through April Are Shown Below