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To predict the future values using Exponential trend method.
Question 1: Sales of cool-Man air conditioners have grown steadily during the past five years.
Year
Sales
1
450
2
495
3
518
4
563
5
584
6
?
The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of alpha = 0.30, develop forecasts for years 2 through 6.
Question 2: Using smoothing constants of 0.6 and 0.9, develop forecasts for the sales of Cool-Man air conditioner.
Question 3: Using the trend projection method, develop a forecasting model for the sales of Cool-Man air conditioners.
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