Actual Sales for January Through April Are Shown Below

question 35

Essay

Actual sales for January through April are shown below. ​
Use exponential smoothing with α = .3 to calculate smoothed values and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts from February through April along with the answer.

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Definitions:

Preferred Stock

A category of corporate ownership that has a priority over common stock in terms of asset and earnings claims, typically offering fixed dividend payments.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Dividends

Distributions from a company to its shareholders, usually coming from the firm's earnings.

Cumulative Preferred Stock

A type of preferred stock that accrues dividends in the event that any dividends are missed, ensuring that preferred shareholders are paid both missed and current dividends before any are paid to common shareholders.