Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of

Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of each month, compute your forecast sales by each of the three methods requested here.

ACTUAL
June 148
July 188
August 212

a.

Using a simple three-month moving average, what is the forecast for September? (Round your answer to 2 decimal places.)

Forecast for September

b.

Using a weighted moving average, what is the forecast for September with weights of 0.20, 0.30, and 0.50 for June, July, and August, respectively? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Forecast for September

c.

Using single exponential smoothing and assuming that the forecast for June had been 142, forecast sales for September with a smoothing constant alpha of 0.30. (Round your answer to 2 decimal places.)

Forecast for September

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

Students also viewed these Accounting questions

Question

Explain what is meant by forward error correction ( FEC )

Answered: 1 week ago