Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Moving Averages. Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods Exponential Smoothing. Use

  1. Moving Averages.Use the below actual sales to calculatea three-year averagewhich will be used as the forecast for next periods
  2. Exponential Smoothing.Use the same data to forecast sales for the next periods with =.40
  3. Regression Analysis on Excel. Draw a scatter graph from Insert/Graph/Scatter graph selections in ExcelMonth

Month Actual Sales

1 3050

2 2980

3 3670

4 2910

5 3340

6 4060

7 4750

8 5510

9 5280

10 5504

11 5810

12 6100

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Mario F. Triola

3rd Canadian Edition

032122597X, 978-0321225979

Students also viewed these Finance questions