Consider the following data representing monthly retail sales of athletic shoes: Month sales ($000) January $328...
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Consider the following data representing monthly retail sales of athletic shoes: Month sales ($000) January $328 February 337 March 341 April 367 May 385 June 403 July 389 August 376 September 428 October 305 November 278 December 450 Input this data into an excel spreadsheet and do the following: a. b. Calculate a three-month moving average forecast. What is you forecast for month 13? Use exponential smoothing with a smoothing factor of 0.20 to calculate the forecast for month 13. Fit a simple regression model to the data in problem above. What is your forecast for month 13? Consider the following data representing monthly retail sales of athletic shoes: Month sales ($000) January $328 February 337 March 341 April 367 May 385 June 403 July 389 August 376 September 428 October 305 November 278 December 450 Input this data into an excel spreadsheet and do the following: a. b. Calculate a three-month moving average forecast. What is you forecast for month 13? Use exponential smoothing with a smoothing factor of 0.20 to calculate the forecast for month 13. Fit a simple regression model to the data in problem above. What is your forecast for month 13?
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