Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. The following are the sales (in RM) of a company over the last 7 days. Date Sales 1 Oct 754 2 Oct 678 3

image text in transcribed
3. The following are the sales (in RM) of a company over the last 7 days. Date Sales 1 Oct 754 2 Oct 678 3 Oct 687 4 Oct 765 5 Oct 781 6 Oct 725 7 Oct 801 8 Oct ? 9 Oct a) By using 3-days weighted moving average as given [9 marks] Ym = 0.5 Ym-1 + 0.3 Ym-2 + 0.2 Yn-3 predict the sales on 8 Oct and 9 Oct. An additional column of numbers must be constructed. b) By using exponential smoothing with a = 0.6. [9 marks] Y , HI = Y, + a ( Y, - Y,) where 0 So s1 predict the sales on 8 Oct. An additional column of numbers must be constructed. c) Can the sales on 9 Oct be predicted using exponential smoothing? Give grief reasons to your answer [2 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Ordinary Differential Equations

Authors: William A Adkins, Mark G Davidson

1st Edition

1461436184, 9781461436188

More Books

Students also viewed these Mathematics questions

Question

What are SWOT and Porter's Five for Sunscreen Company?

Answered: 1 week ago

Question

2. In what way can we say that method affects the result we get?

Answered: 1 week ago