Question
Blue Bell Inc (BBI) is a company that collects smartwatches. Reprocesses them and resells them to Blue Bell Inc (BBI) is a company that collects
Blue Bell Inc (BBI) is a company that collects smartwatches. Reprocesses them and resells them to Blue Bell Inc (BBI) is a company that collects smartwatches. Reprocesses them and resells them to consumers. Historical monthly quantities collected smartwatches ("returns") in the last seven months are displayed in the table below.
Month and units returned
August 59
September 86
October 92
November 90
December 76
January 64
February 88
a) Given the above data, calciate the forecast using a weighted moving average to forecast for the 8th month, i.e. March. Weights of 0.18, 0.34, and 0.48 for December, January, and February, respectively.
b) Calculate the sales forecast for March (8th month) using simple exponential smoothing with a = 0.30 when the forecast for January is 74 units.
c) Calculate the exponential smoothing with trend forecast of March (8th month) for the above data using an (Alpha) a of 0.40, a (delta) 8 of 0.70, a January forecast [FJanuary] of 93 units and an estimated January trend [TJanuary] of 5.65, respectively.
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