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Forecast January sales using each of the following: A 4-month moving average. Exponential smoothing using an alpha = 0.25 Which of the forecast models is
Forecast January sales using each of the following:
- A 4-month moving average.
- Exponential smoothing using an alpha = 0.25
- Which of the forecast models is better and why?
- Using the tracking signal with a control limit of + to show if the exponential smoothing model of b) is in control. Discuss your result.
Please make sure question 4 is answered! I really don't understand. Please also show excel formulas.
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