Question: The following inforamtion pertains to Chattanooga Corporation. Please show your work
| MONTH |
SALES (UNITS) |
| Jan |
37 |
| Feb |
32 |
| March |
55 |
| April |
86 |
| May |
65 |
| June |
44 |
| July |
72 |
| August |
85 |
| September |
90 |
| October |
50 |
| November |
|
1) What is November's sales forecast using the exponential smoothing method with Alpha = 50 assuming 70 units of forecasted sales for August?
2) What is the monthly rate of change ( slope) of the least squares trend line?
3) What is November's sales forecast (trend value) using the least squares trend data?