Mechanical Engineering Exam > Mechanical Engineering Questions > An electric car manufacturer underestimated t...
Start Learning for Free
An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).
Correct answer is '104'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
An electric car manufacturer underestimated the January sales of car b...
0.3, what would be the forecasted sales for February?
To forecast the sales for February using exponential smoothing, we need to use the formula:
Forecast for February = Actual Sales for January + Smoothing Constant * (Actual Sales for January - Forecast for January)
Given that the actual sales for January is 120 units and the manufacturer underestimated by 20 units, the forecast for January would be:
Forecast for January = Actual Sales for January - Underestimation
= 120 units - 20 units
= 100 units
Now, we can use the formula to calculate the forecast for February:
Forecast for February = Actual Sales for January + Smoothing Constant * (Actual Sales for January - Forecast for January)
= 120 units + 0.3 * (120 units - 100 units)
= 120 units + 0.3 * 20 units
= 120 units + 6 units
= 126 units
Therefore, the forecasted sales for February using the exponential smoothing method with a smoothing constant of 0.3 would be 126 units.
To forecast the sales for February using exponential smoothing, we need to use the formula:
Forecast for February = Actual Sales for January + Smoothing Constant * (Actual Sales for January - Forecast for January)
Given that the actual sales for January is 120 units and the manufacturer underestimated by 20 units, the forecast for January would be:
Forecast for January = Actual Sales for January - Underestimation
= 120 units - 20 units
= 100 units
Now, we can use the formula to calculate the forecast for February:
Forecast for February = Actual Sales for January + Smoothing Constant * (Actual Sales for January - Forecast for January)
= 120 units + 0.3 * (120 units - 100 units)
= 120 units + 0.3 * 20 units
= 120 units + 6 units
= 126 units
Therefore, the forecasted sales for February using the exponential smoothing method with a smoothing constant of 0.3 would be 126 units.
Free Test
FREE
| Start Free Test |
Community Answer
An electric car manufacturer underestimated the January sales of car b...
Forecast of January, FJan = DJan - 20
= 120 - 20 = 100 ( ∵ 20 units is under estimated in January )
Forecast for the month of February,
Hence, the sales forecast for the month of February of the same year is 104 units.
= 120 - 20 = 100 ( ∵ 20 units is under estimated in January )
Forecast for the month of February,
Hence, the sales forecast for the month of February of the same year is 104 units.
Attention Mechanical Engineering Students!
To make sure you are not studying endlessly, EduRev has designed Mechanical Engineering study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Mechanical Engineering.
|
Explore Courses for Mechanical Engineering exam
|
|
Similar Mechanical Engineering Doubts
Top Courses for Mechanical EngineeringView all
An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer?
Question Description
An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Question and answers have been prepared according to the Mechanical Engineering exam syllabus. Information about An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? covers all topics & solutions for Mechanical Engineering 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer?.
An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Question and answers have been prepared according to the Mechanical Engineering exam syllabus. Information about An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? covers all topics & solutions for Mechanical Engineering 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer?.
Solutions for An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? in English & in Hindi are available as part of our courses for Mechanical Engineering.
Download more important topics, notes, lectures and mock test series for Mechanical Engineering Exam by signing up for free.
Here you can find the meaning of An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer?, a detailed solution for An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? has been provided alongside types of An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses exponential smoothing method with a smoothing constant of α = 0.2, then the sales forecast for the month of February of the same year is ___________units (in integer).Correct answer is '104'. Can you explain this answer? tests, examples and also practice Mechanical Engineering tests.
|
|
Explore Courses for Mechanical Engineering exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup