FORCASTING using the data below can you answer the question: Month SalesJan-16 747Feb-16 697Mar-16 1014Apr-16 1126May-16 1105Jun-16 1450Jul-16 1639Aug-16 1711Sep-16 1307Oct-16 1223Nov-16 975Dec-16 953Jan-17 1024Feb-17 928Mar-17 1442Apr-17 1371May-17 1536Jun-17 2004Jul-17 1854Aug-17 1951Sep-17 1516Oct-17 1642Nov-17 1166Dec-17 1106Jan-18 1189Feb-18 1209Mar-18 1754Apr-18 1843May-18 1769Jun-18 2207Jul-18 2471Aug-18 2288Sep-18 1867Oct-18 1980Nov-18 1418Dec-18 1333Jan-19 1333Feb-19 1370Mar-19 2142Apr-19 2138May-19 2078Jun-19 2960Jul-19 2616Aug-19 2861Sep-19 2237Oct-19 2225Nov-19 1590Dec-19 1659Jan-20 1613Feb-20 1605Mar-20 2349Apr-20 2468May-20 2532Jun-20 3127Jul-20 3288Aug-20 3285Sep-20 2485Oct-20 2723Nov-20 1835Dec-20 1894 Consider five years of monthly profit for a company C) Discuss whether a simple exponential smoothing model works well with this data or not.
FORCASTING
using the data below can you answer the question:
Month Sales
Jan-16 747
Feb-16 697
Mar-16 1014
Apr-16 1126
May-16 1105
Jun-16 1450
Jul-16 1639
Aug-16 1711
Sep-16 1307
Oct-16 1223
Nov-16 975
Dec-16 953
Jan-17 1024
Feb-17 928
Mar-17 1442
Apr-17 1371
May-17 1536
Jun-17 2004
Jul-17 1854
Aug-17 1951
Sep-17 1516
Oct-17 1642
Nov-17 1166
Dec-17 1106
Jan-18 1189
Feb-18 1209
Mar-18 1754
Apr-18 1843
May-18 1769
Jun-18 2207
Jul-18 2471
Aug-18 2288
Sep-18 1867
Oct-18 1980
Nov-18 1418
Dec-18 1333
Jan-19 1333
Feb-19 1370
Mar-19 2142
Apr-19 2138
May-19 2078
Jun-19 2960
Jul-19 2616
Aug-19 2861
Sep-19 2237
Oct-19 2225
Nov-19 1590
Dec-19 1659
Jan-20 1613
Feb-20 1605
Mar-20 2349
Apr-20 2468
May-20 2532
Jun-20 3127
Jul-20 3288
Aug-20 3285
Sep-20 2485
Oct-20 2723
Nov-20 1835
Dec-20 1894
Consider five years of monthly profit for a company
C) Discuss whether a simple exponential smoothing model works well with this data or not.
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