Sales of vacuum cleaners over the past 13 months were as follows: (a) Using a moving average
Question:
Sales of vacuum cleaners over the past 13 months were as follows:
(a) Using a moving average with three periods, predict the demand for vacuum cleaners for next February.
(b) Using a three-period weighted moving average with weights 3, 2, and 1, predict the demand for vacuum cleaners for February.
(c) Evaluate and comment on the accuracy of each of these models.
Transcribed Image Text:
SALES MONTH SALES MONTH January February March April Mlay Juily August September October November 12 12 15 10 12 14 13 15 June December
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a For January the 3 month moving average is 10 12 143 12 ...View the full answer
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Related Book For
Quantitative Analysis for Management
ISBN: 978-0134543161
13th edition
Authors: Barry Render, Ralph M., Jr. Stair, Michael E. Hanna, Trevor S. Hale
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