Central Heating needs to forecast the number of boilers they will sell in April. Using the following data and an alpha of .3 how many boilers should they have on hand?

Name: Central Heating needs to forecast the number of boilers they will sell in April. Using the following data and an alpha of .3 how many boilers should they have on hand?
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Quizplus · Accepted Answer

F_t+1=$\alpha$A_t+(1-$\alpha$)F_t = .3*17+(1-.3)*18) = 17.7, must round up to 18 as you cannot buy a .7 boiler

Central Heating Needs to Forecast the Number of Boilers They