Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

Analysis for Financial Management

Authors: Robert C. Higgins

12th edition

1259918963, 9781260140729 , 978-1259918964

Students also viewed these Mathematics questions