Question
15. Data collected on the yearly demand for 50-pound bags of fetilizer at wallace garden supply are shown in the following table. develop a 3-year
15. Data collected on the yearly demand for 50-pound bags of fetilizer at wallace garden supply are shown in the following table. develop a 3-year moving average to forecast sales, Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other two years are each given a weight of 1. Which metho do you think is best?
16. Develop a trend line for the demand for fertilizer in problem 15 using any computer software.
19. Sales of cool-man air conditioners have grown steadily during the past 5 years. The sales manager had predicted, before using the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of a=.30, develop forecasts for years 2 through 6
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