Question
LenovousestheZX-81chipinsomeofitslaptopcomputers.Thepricesforthechipduringthepast12monthswere as follows: Month Price Per Chip Month Price Per Chip January $1.80 July 1.80 February 1.67 August 1.83 March 1.70 September 1.70 April 1.85
"LenovousestheZX-81chipinsomeofitslaptopcomputers.Thepricesforthechipduringthepast12monthswere as follows:
Month Price Per Chip Month Price Per Chip
January $1.80 July 1.80
February 1.67 August 1.83
March 1.70 September 1.70
April 1.85 October 1.65
May 1.90 November 1.70
June 1.87 December 1.75
a)Useexponentialsmoothing,firstwithasmoothingconstantof .6 and then with one of .9, to develop forecasts for years 2 through 6.b)Use a 3-year moving average to forecast demand in years 4, 5, and 6.c)Use the trend-projection method to forecast demand in years 1 through 6.d)WithMADasthecriterion,whichofthefourforecastingmethods is best?"
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Financial Shenanigans
Authors: Howard Schilit
2nd Edition
0071386262, 9780071386265
