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Pearson Education is interested in forecasting demand for the upcoming 14th edition of their most ...

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Pearson Education is interested in forecasting demand for the upcoming 14th edition of their most ...

Pearson Education is interested in forecasting demand for the upcoming 14th edition of their most popular book, Introduction to Management Science by Bernard Taylor. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.

Month	Actual Demand (millions)
7th Edition	20
8th Edition	25
9th Edition	30
10th Edition	32
11th Edition	37
12th Edition	46
13th Edition	57

What is the forecast for the 11th edition if exponential smoothing with an alpha = .4 generated a forecast of 27.0 for the 9th edition?

• 28.63

• 29.72

• 30.81

• 27.54

Textbook

Introduction to Management Science

Edition: 13^th

Author: Taylor

Read 674 times

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AZNSLOWPOKE

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More solutions for this book are available here

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