Question
A small company gathered sales data over the last 7 months as follows: Month Sales January 198 February 225 March 270 April 249 May 258
A small company gathered sales data over the last 7 months as follows:
Month Sales
January 198
February 225
March 270
April 249
May 258
June 282
July 276
August
Do not round answers.
a) What is the 3-month moving average forecast for May?
b) What is the 2-month weighted moving average forecast for June using weights 3 and 1?Assign higher weight to the most recent period.
c) Given that the exponentially smoothed forecast for February is 198, what is the simple exponential smoothing forecast for March with=0.5?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
