Question
The number of new savings bank account open by cash less bank branch is given in table. Week no. Account No. 1 25 2 30
The number of new savings bank account open by cash less bank branch is given in table.
Week no. | Account No. |
1 | 25 |
2 | 30 |
3 | 35 |
4 | 20 |
5 | 50 |
6 | 45 |
7 | 40 |
8 | 20 |
9 | 35 |
10 | 40 |
Required
A) Forecast the number of savings bank account for Week no. 11 using two methods.
a) Exponential smoothing method- (Alpha) = 0.4
b) Weighted moving average using weights as- 0.7, 0.2 and 0.1 Assume forecast for week no 1 was 35
B) Which of two methods you suggest for making forecasts. Justify
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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