Using exponential smoothing with a weight of 06 on actual, Mechanical Engineering

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Using exponential smoothing with a weight of 06 on actual

Using exponential smoothing with a weight of 0.6 on actual values...

1) If sales are $45,000 and $50,000 for 2010 and 2011, what would be the forecast for 2012? (First forecast is equal to the actual value of proceeding year)

2) Given this forecast and the actual 2012 sales of $53,000, what would you then forecast for 2009?

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Mechanical Engineering: Using exponential smoothing with a weight of 06 on actual

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Mechanical Engineering: Using exponential smoothing with a weight of 06 on actual

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