Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Moving Averages. Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods. 2. Exponential

1. Moving Averages.  Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods.

2. Exponential Smoothing. Use the same data to forecast sales for the next periods with α=.40.

3. Regression Analysis on Excel. Draw a scatter graph from Insert/Graph/Scatter graph selections in Excel.

Month

Actual Sales

1

3050

2

2980

3

3670

4

2910

5

3340

6

4060

7

4750

8

5510

9

5280

10

5504

11

5810

12

6100


Step by Step Solution

3.42 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

Moving Averages Use the below actual sales to calculate a threeyear average ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Operations Management Sustainability and Supply Chain Management

Authors: Jay Heizer, Barry Render, Chuck Munson

10th edition

978-0134183954, 134183959, 134181980, 978-0134181981

More Books

Students also viewed these Accounting questions

Question

Calculate the number of neutrons of 239Pu.

Answered: 1 week ago