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v) Compute the January sales forecast using a trend projection. Using a method of trend projection, the forecast for January sales enter your response here
v) Compute the January sales forecast using a trend projection. Using a method of trend projection, the forecast for January sales enter your response here sales. (Round your response to two decimal places.)
What method would allow me to figure out next march?
- 3 month moving average
-6 month weighted moving average
-EXponential smoothing
-trend projection
-Naive approach
The monthly sales for Yazici Batteries, Inc., were as follows: This exercise contains only parts b and c. b) Forecast January sales using each of the following methods. i) Compute the January sales forecast using naive method. The January sales forecast using the naive method =24 sales. (Enter your response as a whole number.) ii) Compute the January sales forecast using a 3-month moving average. The January sales forecast using a 3-month moving average approach = sales. (Round your response to two decimal places.) iii) Compute the January sales forecast using a 3-month weighted average with weights of 0.10,0.30, and 0.60 with the heaviest weights applied to the most recent months. The January sales forecast using a 3-month weighted average =23 sales. (Round your response to two decimal places.) iv) Compute the January sales forecast using exponential smoothing with =0.40 and a starting forecast for September being 21 . The January sales forecast using exponential smoothing = sales. (Round your response to two decimal places.) v) Compute the January sales forecast using a trend projection. Using a method of trend projection, the forecast for January sales = sales. (Round your response to two decimal places.)Step by Step Solution
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