Forecasted value using exponential smoothing method.
Utilize simple exponential smoothing with α = 0.3 to forecast battery sales for February through May. Suppose that the forecast for January was for 22 batteries.
|
Month
|
Automobile Battery Sales
|
|
January
|
42
|
|
February
|
33
|
|
March
|
28
|
|
April
|
59
|