Sales at Electronics Inc. for the period January to June was listed below: Month January February March April May June Sales ((in $ thousand) 70 68.5 64.8 71.7 71.3 72.8 Using Exponential Smoothing with Trend Adjustment, forecast the Electronics Inc.’s July sales. Assume that the initial forecast average for January is $65,000 and the initial trend adjustment is 0. Given α = .1 and β = .2.
Expert Answer
The answer is 68.60 for July
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