ENGINEERING FUNDAMENTALS
ENGINEERING FUNDAMENTALS
6th Edition
ISBN: 9781337705011
Author: MOAVENI
Publisher: CENGAGE L
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Chapter 20, Problem 53P
To determine

Explain about Consumer Price Indexes and provide examples.

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QUESTION 1 Sales of a particular product for the years 2017 through 2020 have been 47,150, 52,477, 64,750 and 76,852 respectively. Taking actual 2017 sales of 47,150 as the forecast for 2018, what sales would you forecast for 2021 using exponential smoothing and a weight on actual value of 0.18?
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