Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using e: smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 427.00 451.90 2006 510 2007 516 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is sales (round your response to two decimal places).
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using e: smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 427.00 451.90 2006 510 2007 516 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is sales (round your response to two decimal places).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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