Exponintial Smoothing, engineering homework help
I just need help with this question.
Question 1
The monthly sales data for Datastream, Inc., which produces network routers for small companies, are given in Table below.
|
Month |
Sales |
|
1 |
34.00 |
|
2 |
33.00 |
|
3 |
42.00 |
|
4 |
34.00 |
|
5 |
36.00 |
|
6 |
43.00 |
|
7 |
34.00 |
|
8 |
33.00 |
|
9 |
43.00 |
|
10 |
31.00 |
|
11 |
35.00 |
|
12 |
41.00 |
The sales manager wants to forecast for months 13, 14 and 15. Compute the forecast using exponential smoothing method with a = 0.25 and initial forecast value (F1) of 36.58.
Thanks in advance!
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