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Actual Sales for January Through April Are Shown Below

Question 35

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Actual sales for January through April are shown below. Actual sales for January through April are shown below. ​ Use exponential smoothing with α = .3 to calculate smoothed values and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts from February through April along with the answer. ​
Use exponential smoothing with α = .3 to calculate smoothed values and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts from February through April along with the answer.

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