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LCA All Natural wants to forecast their August demand for their Kalamansi soap variant. The past 6 months sales are as follows: Jan 600 April
LCA All Natural wants to forecast their August demand for their Kalamansi soap variant. The past 6 months sales are as follows:
Jan | 600 | April | 800 |
Feb | 540 | May | 690 |
March | 730 | June | 575 |
NAIVE | 3mos moving average | 3mos weighted average | Expo smoothing |
JULY |
- What is the forecast for July using the nave approach?
- What is the forecast for July using a three-period moving average?
- What is the forecast for July using a three-months weighted moving average with weights of 0.2 for April, 0.3 for May and 0.5 for June?
- Calculate the July forecast using the exponential smoothing using = 0.20 as your smoothing constant
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