The Questor Corporation has experienced the following salespattern over a 10-year period:
Complete the table using a first-order exponential smoothingmodel with a w=0.9w=0.9 to forecast sales in2017.
Year | Sales (YtYt) | Exponential Smoothing (YˆtY^t) |
|---|
(000) | (w = 0.9) |
|---|
| 2007 | 187 | |
| 2008 | 214 | 187 |
| 2009 | 216 | =216,203, or 211 |
| 2010 | 234 | = 228,205, or 216 |
| 2011 | 268 | = 238, 222, or 232 |
| 2012 | 277 | = 287,255, or 264 |
| 2013 | 302 | = 263, 276, or 293 |
| 2014 | 302 | = 323, 299, or 287 |
| 2015 | 318 | =287, 302, or 320 |
| 2016 | 350 | =302, 321, or 316 |
| 2017 | * | = 356, 347, or 302 |
