Could someone please explain how to do this? (5. 7) James INC: Sales pattern (10
ID: 3382662 • Letter: C
Question
Could someone please explain how to do this?
(5. 7) James INC: Sales pattern (10yr period):
YR Sales
2000 112, 000
2001 120 000
2002 135 000
2003 150 000
2004 140 000
2005 167 000
2006 204 000
2007 201 000
2008 224 000
2009 251, 000
2010 --
(1) Write trend line equation (for this data that will forecast for nxt year). (2000 = 0, 2001 = 1, and so on). Use this equation to forecast sales in yr 2010?
(1A) Utilize First Order Exponential Smoothing (w = 0.8) to forecast for yr 2010.
Explanation / Answer
Could someone please explain how to do this? (5. 7) James INC: Sales pattern (10
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