Answered: For the following data of sales data.…

For the following data of sales data. Use exponential smoothing to forecast sales in the next week. Use α = 0.1, and 0.4 and compare errors. Graph the original and forecasted data.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter2: Equations And Inequalities

Section2.1: Equations

Problem 59E

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Question

For the following data of sales data. Use exponential smoothing to forecast sales in the next week. Use α = 0.1, and 0.4 and compare errors. Graph the original and forecasted data.