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The following data represent the number of ceiling fans sold for each of the past five days for a ...
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The following data represent the number of ceiling fans sold for each of the past five days for a ...
The following data represent the number of ceiling fans sold for each of the past five days for a Home Depot store.
Calculate the sales forecast for Day 6 using exponential smoothing with trend adjustment with
α
= 0.7 and
β
= 0.4.
Textbook
Business Statistics
Edition:
2
nd
Author:
Donnelly
Read 62 times
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More questions for this book are
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F
6
=
FIT
5
+
α
(
A
5
-
FIT
5
)
F
6
= 11.2 + 0.7(6 - 11.2) = 7.6
T
6
=
β
(
F
6
-
F
5
) + (1 -
β)T
5
T
6
= (0.4)(7.6 - 11.1) + (1 - 0.4)(0.1) = -1.3
FIT
6
=
F
6
+
T
6
FIT
6
= 7.6 - 1.3 = 6.3
1
Report
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