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<p><em><strong>Actual sales for june totaled22.5 million . Using exponential smoothing with a smoothing factor of0.7 . what is the projected sales for july ?</strong></em></p>
The answer should be22,296,000
Forecast for June=(22,000 x70%) + (21,400 x30%)
=15,400 +6,420
=21,820
Forecast for July= (22,500 x70%) + (21,820 x30%)
=15,750 +6,546
=22,296
It is estimated 21,9 mio for july
