Answer:
62.5
Step-by-step explanation:
Data provided in the question:
Actual demand = 59
Previous forecast = 64
Alpha = 0.3
Now,
The forecast for the next period be using simple exponential smoothing will be given as
= [ Alpha × Actual demand ] + [ (1 - Alpha) × Previous forecast ]
= 0.3 × 59 + [ ( 1 - 0.3 ) × 64 ]
= 17.7 + 44.8
= 62.5
Answer:
14 2/3
Step-by-step explanation:
.....................
(25,000+4x)/5=<span>18,600
</span><span>25,000+<span>4x</span></span>=<span>93,000 (multiply both sides by 5)
</span><span>4x</span>=<span>68,000 (subtract 25,000 from both sides)
</span>x=<span>17,000 (divide both sides by 4)
</span>Fitters make $17,000 a year