month (September) based? The manager of a music and video retail chain wants to forecast CD/DVD sales for this month (September) based on the following historical data:
MONTH
SALES
Apr.
15,000
May
16,000
June
18,000
July
20,000
Aug.
21,000
What is the forecast for this month using exponential smoothing with alpha = 0.5, if the forecast for July was 16,000?
Choose one answer.
a. 21,000
b. 18,750
c. 19,500
d. 22,800
e. 22,650
MONTH
SALES
Apr.
15,000
May
16,000
June
18,000
July
20,000
Aug.
21,000
What is the forecast for this month using exponential smoothing with alpha = 0.5, if the forecast for July was 16,000?
Choose one answer.
a. 21,000
b. 18,750
c. 19,500
d. 22,800
e. 22,650