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The Questor Corporation has experienced the following sales pattern over a 10-year period: Complete the table using...

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Accounting

The Questor Corporation has experienced the following salespattern over a 10-year period:

Complete the table using a first-order exponential smoothingmodel with a w=0.9w=0.9 to forecast sales in2017.

Year

Sales (YtYt)

Exponential Smoothing (YˆtY^t)

(000)

(w = 0.9)

2007187
2008214187
2009216=216,203, or 211
2010234= 228,205, or 216
2011268= 238, 222, or 232
2012277= 287,255, or 264
2013302= 263, 276, or 293
2014302= 323, 299, or 287
2015318=287, 302, or 320
2016350=302, 321, or 316
2017*= 356, 347, or 302

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The above solution can be derived in several medium1 If solved with in Excel through Data Analysis Tool Step 1 Enter the data in excelStep 2 On Data Tab    See Answer
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