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A small company gathered sales data over the last 7 months as follows: Month Sales January 2 5 2 February 2 0 4 March 2
A small company gathered sales data over the last months as follows:
Month Sales
January
February
March
April
May
June
July
August
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Do not round answers.
a What is the month moving average forecast for August?
Correct
b What is the month weighted moving average forecast for April using weights and Assign higher weight to the most recent period.
Correct
c Given that the exponentially smoothed forecast for February is what is the simple exponential smoothing forecast for April with
alpha
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