United Dairies, Inc., supplies milk to several independent grocers throughout Dade County, Florida.
Question: United Dairies, Inc., supplies milk to several independent grocers throughout Dade County, Florida. Management wants to develop a forecast of the number of half-gallons of milk sold per week. Sales data (in units) for the past 12 weeks are as follows:
| Week | Sales | Week | Sales |
| 1 | 2750 | 7 | 3300 |
| 2 | 3100 | 8 | 3100 |
| 3 | 3250 | 9 | 2950 |
| 4 | 2800 | 10 | 3000 |
| 5 | 2900 | 11 | 3200 |
| 6 | 3050 | 12 | 3150 |
Use exponential smoothing, with α = 0.4, to develop a forecast of demand for week 13.
Price: $2.99
See Solution: The solution consists of 1 page
Deliverable: Word Document
Deliverable: Word Document
