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The sales data of a product for 5 years are

September 8, 2023
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The sales data of a product for 5 years are

Q. The sales data of a product for 5 years are

  Year  2014  2015  2016  2017  2018
  Sales (units)280268259270287
Assume the forecast for the year 2014 as 260 units. Using an exponential smoothing method with smoothing constant α = 0.5, the sales forecast (units) for the year 2019, is             

Ans: 276-278

Sol:

The sales of the particular years are given and the forecast for the year 2014, F2014 = 260 units.

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