Operational management: Calculate Sales Forecasts

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3 The following tabulations are actual sales of units for six months and a starting forecast in January.

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a. Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2.

b. Calculate MAD for the forecasts.
ACTUAL FORECAST
January 100 80
February 94
March 106
April 80
May 68
June 94
© BrainMass Inc. brainmass.com March 21, 2019, 4:46 pm ad1c9bdddf
https://brainmass.com/business/business-management/operational-management-calculate-sales-forecasts-with-simple-exponential-smoothing-197613
Solution Preview

Please see the attached file.

t Month Actual Smoothed Forecast % error
1 January 100 84.0 …

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