John's Office Supply Company Has the Following Order History Over

question 16

Essay

John's Office Supply Company has the following order history over the last 7 months.

Compute an exponential smoothing forecast for November, with a smoothing constant of α = .25. To start the procedure, assume that the forecast for April was 100. Round each forecast to two decimal places.

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Definitions:

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.

Smallest Term

The term in a mathematical expression or equation that has the lowest degree, or in a sequence or series, the term with the least value.

Express

To convey a thought or feeling in words or by gestures and conduct.

Buying Power

The amount of money or credit a person or company has available to purchase stocks, bonds, or other securities.