Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (æ) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04` sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415.00 439 481.6 502.24 542.9 568.12 The MAD for a forecast developed using exponential smoothing with a = 0.60 is| sales (round your response to two decimal places).
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (æ) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04` sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415.00 439 481.6 502.24 542.9 568.12 The MAD for a forecast developed using exponential smoothing with a = 0.60 is| sales (round your response to two decimal places).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
Related questions
Question
![Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table
below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following
sales forecast has been developed:
Forecasted
Year
Sales
Sales
2005
455
415.00
2006
510
427.00
2007
516
451.90
2008
570
471.13
2009
585
500.79
The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (round your response to two
decimal places).
Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 415.00
are (round your responses to two decimal places):
Year
2005
2006
2007
2008
2009
2010
Forecasted Sales
415.00
439
481.6
502.24
542.9
568.12
The MAD for a forecast developed using exponential smoothing with a = 0.60 is
decimal places).
sales (round your response to two](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8295c3d9-4ab5-47e4-96e0-bef6def0151e%2F349345a5-82eb-4ca5-a71b-22c4bc540af8%2Ffsj5ral_processed.png&w=3840&q=75)
Transcribed Image Text:Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table
below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following
sales forecast has been developed:
Forecasted
Year
Sales
Sales
2005
455
415.00
2006
510
427.00
2007
516
451.90
2008
570
471.13
2009
585
500.79
The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (round your response to two
decimal places).
Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 415.00
are (round your responses to two decimal places):
Year
2005
2006
2007
2008
2009
2010
Forecasted Sales
415.00
439
481.6
502.24
542.9
568.12
The MAD for a forecast developed using exponential smoothing with a = 0.60 is
decimal places).
sales (round your response to two
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing