(Answered) : Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows Mont

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows Month January February March April May June Price Per Chip $1.85 $1.61 $1.60 $1.85 $1.90 $1.95 Month July August September October November December Price Per Chip $1.80 $1.83 $1.60 $1.57 $1.62 $1.75
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Expert Answer

Ans: Calculation of errors for Oct. Nov and Dec. with lpha = 0.5 and initila forecast of Oct $1.72

Error for Oct = ( Actual Sales – Forecast ) for Oct. = 1.57 -1.72 = -0.15

Error for Nov. = 1.62 – 1.645

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