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A small company gathered sales data over the last 7 months as follows: MonthSalesJanuary225February276March285April243May249June237July216August Download CSV Do not round answers. a) What is the 3-month
A small company gathered sales data over the last 7 months as follows:
MonthSalesJanuary225February276March285April243May249June237July216August
Download CSV
Do not round answers.
a) What is the 3-month moving average forecast for July?
b) What is the 2-month weighted moving average forecast for April using weights 5 and 3?Assign higher weight to the most recent period.
c) Given that the exponentially smoothed forecast for February is 225, what is the simple exponential smoothing forecast for April with
=
0.1
=0.1
?
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