Question
Please show All work: Question 13. You are given the following data on truck sales: Month Sales January 15 February 13 March 17 April 12
Please show All work:
Question 13. You are given the following data on truck sales:
Month | Sales |
January | 15 |
February | 13 |
March | 17 |
April | 12 |
May | 20 |
June | 14 |
July | 17 |
August | 14 |
September | 12 |
October | 14 |
November | 19 |
December | 16 |
1. Using Excels Data Analysis add in, construct a moving average with 3 period and determine the demand for trucks for next January
2. Using a weighted average with three periods, determine the sales demand for February. Using 1/2, 1/3, and 1/6 for weight of the most recent, second most recent and third most recent period, respectively Compare the two forecasting methods using MAD
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