A certain company had sales (adjusted for seasonal influence of 6836 last month

Question

A certain company had sales (adjusted for seasonal influence of 6836 last month but their forecast was 7112. Using exponential smoothing with seasonality, estimate next months sales to the nearest dollar. Assume a smoothing constant of 0.54 and a seasonality constant of 1.03. Answer: A certain company had the following sales (adjusted for seasonal influence): Month 1$122274 Month 2$105081 Month 3$101473 Month A$100943 Month 5$104701 Using the with seasonality, predict the sales in month 6 if the seasonal factor for month 6 is o.92. Please round your answer to the nearest dollar. Answer:

Explanation / Answer

Error = Actual - estmated

Absolute value = |Error| = Sum(Abs. value) / n =10/4 = 2.5

Mean squared error = sum( squared error) / n = 42/4 = 10.5

Interval Actual Estimated Error Abs. Value 1 17 18 -1 1 2 17 11 6 6 3 17 19 -2 2 4 13 14 -1 1 2.5

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