Predicting future values using exponential trend method

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Reference no: EM1315503

To predict the future values using Exponential trend method.

Question 1: Sales of cool-Man air conditioners have grown steadily during the past five years.

Year	Sales
1	450
2	495
3	518
4	563
5	584
6	?

The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of alpha = 0.30, develop forecasts for years 2 through 6.

Question 2: Using smoothing constants of 0.6 and 0.9, develop forecasts for the sales of Cool-Man air conditioner.

Question 3: Using the trend projection method, develop a forecasting model for the sales of Cool-Man air conditioners.

Reference no: EM1315503

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