Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
100%
Following table shows the monthly sales of X-box consoles at a retail store in Kuwait:
Answer the following questions based on the data given above. Show your calculations.
a. What is the expected sales for the 8th month based on 3 period moving average?
b. What is the expected sales for the 8th month based on exponential smoothing with α =0.2?
c. Which of the above two
Transcribed Image Text:Month
Number of
Forecast
Error
Forecast
Error
using
exponential
smoothing
(with a =0.2)
products Sold
using 3
period
moving
average
173
1
117
131
129
163
181
7
189
8
23456 00
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