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    Exponential smoothing forecast

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    The forecast level of sales for the month of May was 240 units. Actual sales in May turned out to be 200 units. Use an exponential smoothing coefficient of 0.8 to forecast sales for June.

    © BrainMass Inc. brainmass.com May 20, 2020, 6:59 pm ad1c9bdddf
    https://brainmass.com/economics/estimation-and-forecasting/311000

    Solution Preview

    With exponential smoothing, we estimate how much the past affects the future. The formula for single exponential smoothing is:
    S(t+ ...

    Solution Summary

    Use of exponential smoothing to forecast sales

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