The manager at a convenience store wants to forecast sales for an item THIS WEEK based on the following historical data: WEEK ACTUAL SALES (Number of units sold)
Six weeks ago 150
Five weeks ago 300
Four weeks ago 450
Three weeks ago 600
Two weeks ago 750
One week ago 900
THIS WEEK NOT KNOWN
Determine the sales forecast for THIS WEEK using exponential smoothing method with smoothing constant, α = 0.3 and the sales forecast for two weeks ago = 740 units. Select one:
a. 793.1 units
b. 794.1 units
c. 792.1 units
d. 790.1 units
e. 791.1 units