The following time series shows the sales of a particular product over the past 12 months. Month                Sales 1                          105 2                          135 3                          120 4                          105 5                           90 6                          120 7                          145 8                          140 9                          100 10                        80 11                       100 12                        110   Use a=0.3 to compute the exponential smoothing values for the time series

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
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Problem 14P: The following time series shows the sales of a particular product over the past 12...
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  1. The following time series shows the sales of a particular product over the past 12 months.

Month                Sales

1                          105

2                          135

3                          120

4                          105

5                           90

6                          120

7                          145

8                          140

9                          100

10                        80

11                       100

12                        110

 

  1. Use a=0.3 to compute the exponential smoothing values for the time series.
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