Math Problem Statement

Sales of tablet computers at Marika​ Gonzalez's electronics store in​ Washington, D.C., over the past 10 weeks are shown in the table​ below:                                                                                                                    
Week 1 2 3 4 5 6 7 8 9 10 Demand 21 20 28 37 24 29 37 20 25 28

Part 2 ​a) The forecast for weeks 2 through 10 using exponential smoothing with alpha ​= 0.60 and a week 1 initial forecast of 21.0 are ​(round your responses to two decimal​ places):

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Smoothing
Forecasting
Time Series Analysis

Formulas

Exponential Smoothing Formula: F_t = α * D_{t-1} + (1 - α) * F_{t-1}

Theorems

-

Suitable Grade Level

College/University Level (Statistics or Business)

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