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The Maxwell Corporation had the following actual sales (in millions of dollars) last year: Month Sales 186 January February 190 March 184 180 April May
The Maxwell Corporation had the following actual sales (in millions of dollars) last year: Month Sales 186 January February 190 March 184 180 April May June July August September October 175 200 190 160 198 170 November 174 December 160 Use the above information to answer the following questions (round to the nearest unit if necessary): I. The forecast for January of the following year using a 3-month simple moving average is. The letter associated with the correct answer is a) 168 b) 169 c) 172 d) 175 e) None of the above II. Using a 4-month weighted moving average with weights 4/10, 3/10, 2/10, and 1/10, compute the forecast for January of the following year. The letter associated with the correct answer is a) 167 b) 169 c) 170 d) 171 e) None of the above III. Compute the error term for August using a 2-month weighted moving average (weights are 6/10 and 4/10). The letter associated with the correct answer is a) -34 b) -6 c) -4 d) +34 e) None of the above
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