Table 2.1: Actual sales data for the reading glasses during 2021 Month Actual Sales (Pairs of reading
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Question:
Table 2.1: Actual sales data for the reading glasses during 2021
Month | Actual Sales (Pairs of reading glasses) |
January 2021 | 2 800 |
February 2021 | 3 000 |
March 2021 | 5 000 |
April 2021 | 4 000 |
May 2021 | 5 600 |
June 2021 | 8 000 |
July 2021 | 8 000 |
August 2021 | 7 900 |
September 2021 | 6 000 |
October 2021 | 4 050 |
November 2021 | 4 900 |
December 2021 | 5 550 |
Using the sales data of the reading glasses in Table 2.1, answer the following questions:
4.1 Calculate the three-month-weighted-moving-average monthly forecasts for the period April 2021 – December 2021. Use weights of 0.5, and 0.2 for the most recent and oldest monthly data respectively and 0.3 for the middle month (show all workings)
Expert Answer:
41 Threemonthweightedmovingaverage monthly forecasts for the period April 2021 December 2021 April 2021 Forecast 05 x 5000 03 x 3000 02 x 2800 3940 pa... View the full answer
Related Book For 
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
