Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the following sales forecast has been developed: Year 2005 2006 2007 Year 2008 2009 2005 Forecasted Sales 410.00 Sales 450 495 518 563 584 D The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.74 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 410.00 are (round your responses to two decimal places): 2006 2007 2008 2009 2010 ■ Forecasted Sales 410.00 422.00 443.90 466.13 495.19
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the following sales forecast has been developed: Year 2005 2006 2007 Year 2008 2009 2005 Forecasted Sales 410.00 Sales 450 495 518 563 584 D The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.74 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 410.00 are (round your responses to two decimal places): 2006 2007 2008 2009 2010 ■ Forecasted Sales 410.00 422.00 443.90 466.13 495.19
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
Related questions
Question
Transcribed Image Text:Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (α) of
0.30 and a starting forecast of 410.00, the following sales forecast has been developed:
Year
Year
Forecasted Sales
2005
2006
2007
2008
2009
Sales
450
495
518
563
584
The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.74 sales (round your response to two decimal places).
Forecasted sales for years 2006 through 2010 using exponential smoothing with α = 0.60 and a starting forecast of 410.00 are (round your responses to two decimal places):
2006
2005
410.00
Forecasted
Sales
2007
410.00
422.00
443.90
466.13
495.19
2008
2009 2010
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 12 images
Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill