Use exponential smoothing to find the forecast of shipments

Reference no: EM1320416

Question: The following data list worldwide shipments of personal computers [in thousands] according to Dataquest.

Year	Shipments (in thousands)
1990	23,738
1991	26,966
1992	32,411
1993	38,851
1994	47,894
1995	60,171
1996	71,065
1997	82,400
1998	97,321

Use exponential smoothing to find the forecast of shipments for the year 1999. Apply the actual shipments for 1990 as the starting forecast for 1991. Use a smoothing constant of α = 0.4.

Reference no: EM1320416

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