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These are the sales numbers at a local used car lot from January through June. Month Demand January 120 February 110 March 120 April 100
These are the sales numbers at a local used car lot from January through June.
Month | Demand |
January | 120 |
February | 110 |
March | 120 |
April | 100 |
May | 125 |
June | 115 |
Using a 4-month moving average, what is the forecast for July?
Using a 3 month weighted moving average, where the weight for the most recent month is 0.65, the 2nd most recent month is 0.25 and the third most recent is 0.10, what is the forecast for July?
Using exponential smoothing with an alpha of 0.3, and a January forecast of 110, What is the forecast for July?
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