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A small company gathered sales data over the last 7 months as follows: Month Sales January 204 February 225 March 198 April 216 May 285
A small company gathered sales data over the last 7 months as follows: Month Sales January 204 February 225 March 198 April 216 May 285 June 198 July 225 August Download CSV Do not round answers. a) What is the 3-month moving average forecast for June? b) What is the 2-month weighted moving average forecast for August using weights 3 and 1? Assign higher weight to the most recent period. c) Given that the exponentially smoothed forecast for February is 204, what is the simple exponential smoothing forecast for March with = 0.9
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