1. Business
  2. Operations Management
  3. please refer to the following image and answer...

Question: please refer to the following image and answer...

Question details

Please refer to the following image and answer.
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month July August Month anuary February March April May June Price Per Chip $1.90 51.61 51.60 51.85 51.90 $1.95 Price Per Chip 1.80 $1.83 $1.60 1.57 $1.62 $1.75 October November This exercise contains only part d With α 1 and the initial forecast for October of $1.83 using exponential smoothing the forecast for periods 11 and 12 is round your responses to two decimal places Month Oct Nov Dec Forecast $1.83

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution