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Question No.1: Demand for a certain model of Camry car during the past 5 months...

Question No.1:

Demand for a certain model of Camry car during the past 5 months is shown below:

Months(Time) Demand

January 195

February 265

March 315

April 295

May 105

Compute the forecast demand for each month, using single exponential smoothing with ? =

0.05 . Assuming that forecast for January is 220

please make clearly answer must Today

Thank you

Expert Solution

Solution

we can calculate the forecast demand of any month with the help of the data of previous month actual and forcast demand,

Please see the solution in the attached images below.

Dear student,

ekkarill92 answered 2 years ago

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