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please answer accordingly 2. A company records reported below indicate monthly sales data for Kadriye aba Company. Use the below mentioned techniques to help the
please answer accordingly
2. A company records reported below indicate monthly sales data for Kadriye aba Company. Use the below mentioned techniques to help the administration: Month May June July August September October November December January February Sales (units) 5 7 8 9 8 10 11 12 13 13 a) 2-month moving average Briefly explain. (Points 15) b) Exponential smoothing with smoothing constant 0.4 and forecast value 6 for the first period. Briefly explain. (Points 10) c) Use RMSE model and decide which technique (simple moving average or exponential smoothing) is better? Briefly explain. (Points 15) d) Plot the monthly data, moving averages and exponential smoothing estimates on a line graph. Briefly explain the pattern. (Points 10) 2. A company records reported below indicate monthly sales data for Kadriye aba Company. Use the below mentioned techniques to help the administration: Month May June July August September October November December January February Sales (units) 5 7 8 9 8 10 11 12 13 13 a) 2-month moving average Briefly explain. (Points 15) b) Exponential smoothing with smoothing constant 0.4 and forecast value 6 for the first period. Briefly explain. (Points 10) c) Use RMSE model and decide which technique (simple moving average or exponential smoothing) is better? Briefly explain. (Points 15) d) Plot the monthly data, moving averages and exponential smoothing estimates on a line graph. Briefly explain the pattern. (Points 10) Step by Step Solution
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