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on 1 The Boing Boing company sells model aircraft. Monthly sales for a six-month period are as follows: Month Sales ed January 18,000 out
on 1 The Boing Boing company sells model aircraft. Monthly sales for a six-month period are as follows: Month Sales ed January 18,000 out of February 22,000 g on March 16,000 April 18,000 May 20,000 June 24,000 1. Compute the sales forecast for July using the following approaches: simple mean four month simple moving average 2. Which of these two forecasts might give the best result for July and why? 3. Using this preferred forecast approach, calculate a sales forecast for July using exponential smoothing with an alpha smoothing constant .70. How does exponential smoothing give you a more accurate and responsive forecast? Kaur
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To compute the sales forecast for July using different approaches lets analyze the given data Month Sales January 18000 February 22000 March 16000 Apr...Get Instant Access to Expert-Tailored Solutions
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