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

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