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exponential smoothing forecast

Sales of Cool-Man air conditioners have grown
steadily during the past 5 years:
The sales manager had predicted, before the business
started, that year 1's sales would be 410 air conditioners.
Using exponential smoothing with a
weight of Coefficient = 0.30, develop forecasts for years 2
through 6.
1 450
2 495
3 518
4 563
5 584
6 ?

Solution Preview

Hi there,

Thanks for allowing me to work on the question for you. In this question, x1=1, x2=2, x3=3, x4=4, x5=5, ...

Solution Summary

This solution provides step-by-step how to apply exponential smoothing for forecast.