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Moving Averages. Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods (chapter 14, text).
- Moving Averages. Use the below actual sales to calculate a three-year average which will be used as the forecast for next periods (chapter 14, text).
- Exponential Smoothing. Use the same data to forecast sales for the next periods with =.40 (chapter 14, text)
| 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 |
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Risk Based Auditing Using ISO 19011 2018 CERM Academy Series On Enterprise Risk Management
Authors: Greg Hutchins
1st Edition
1732554501, 978-1732554504
