Question
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
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 the same data to forecast sales for the next periods with a=.40
| 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 |
Please show all work!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
CIA Part 1 Essentials Of Internal Auditing 2022
Authors: MUHAMMAD ZAIN
1st Edition
B09PHFC28N, 979-8794951356
