The sales for the particular product are given for last 7 months. Month Sales Demand February 19 March 18 April 15 May 20 June 18 July 22 August 20 Forecast September sales volume using each of the...


The sales for the particular product are given for last 7 months.<br>Month<br>Sales<br>Demand<br>February<br>19<br>March<br>18<br>April<br>15<br>May<br>20<br>June<br>18<br>July<br>22<br>August<br>20<br>Forecast September sales volume using each of the following:<br>(1) Exponential smoothing with a smoothing constant equal to 0.2, assuming August month forecast of 21.<br>(2) A weighted average using 0.60 for August, 0.30 for July, and 0.10 for June.<br>

Extracted text: The sales for the particular product are given for last 7 months. Month Sales Demand February 19 March 18 April 15 May 20 June 18 July 22 August 20 Forecast September sales volume using each of the following: (1) Exponential smoothing with a smoothing constant equal to 0.2, assuming August month forecast of 21. (2) A weighted average using 0.60 for August, 0.30 for July, and 0.10 for June.

Jun 11, 2022
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