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What is monthly rate of change of least squares trend line

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Reference no: EM131874528

Question: The following inforamtion pertains to Chattanooga Corporation. Please show your work

MONTH SALES (UNITS)
Jan 37
Feb 32
March 55
April 86
May 65
June 44
July 72
August 85
September 90
October 50
November

1) What is November's sales forecast using the exponential smoothing method with Alpha = 50 assuming 70 units of forecasted sales for August?

2) What is the monthly rate of change ( slope) of the least squares trend line?

3) What is November's sales forecast (trend value) using the least squares trend data?

Reference no: EM131874528

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