Business, 15.11.2019 20:31 alexcontreras32

The manager at a convenience store wants to forecast sales for an item this week based on the following historical data:

week

actual sales

(number of units sold)

six weeks ago

110

five weeks ago

220

four weeks ago

330

three weeks ago

440

two weeks ago

550

one week ago

660

this week

not known

determine the sales forecast for this week using exponential smoothing method with smoothing constant, α = 0.4 and the sales forecast for two weeks ago = 540 units.

591.4 units
588.4 units
592.4 units
590.4 units
589.4 units

Answers: 1

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