Question
1.(3 points)Buckeye Shoe Store predicted June shoe sales would be 650 pairs.Buckeye Shoe Store actually sold 690 pairs of shoes in June.Using a smoothing constant
1.(3 points)Buckeye Shoe Store predicted June shoe sales would be 650 pairs.Buckeye Shoe Store actually sold 690 pairs of shoes in June.Using a smoothing constant of = 0.15, forecast the July shoe sales using an exponential smoothing model.
2.(4 points) The following table represents the sales of tires at a local tire store. Using a 3-month moving average, forecast the sales of tires in the 4th and 5th months.Fill in the missing value of [a] and [b] in the table below.
Month Sales (Actual) Sales ( Forecast - 3month moving average)
1 2500
2 1500
3 1600
4 1800 [a]
5 2000 [b]
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