A LED bulb manufacturer records the yearly sales (in lakhs) of its popular brand in India. The

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A LED bulb manufacturer records the yearly sales (in lakhs) of its popular brand in India. The following data were collected for past 10 years.

i. Use two point weighted moving average method to forecast sales for 11^th year, considering weight for current year as 0.6 and its previous year as 0.4.

ii. Find forecast for 11th year by exponential smoothing method using smoothing factor alpha as 0.9 and year 1 forecast as 2 lakhs.

iii. Discuss what all needs to be checked for accepting forecast of any of these methods.

Related Book For answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: Aug 17, 2020 02:14 AM

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A LED bulb manufacturer records the yearly sales (in lakhs) of its popular brand in India. The

Question:

Year: 4 7 8 9 10 Sales(in lakhs) : 2 3 9. 10 12 14 18 22 3 4 Year: 4 7 8 9 10 Sales(in lakhs) : 2 3 9. 10 12 14 18 22 3 4

Expert Answer:

Cost Accounting

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