Question: 1. Consider the following data: Month Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Profit ($) 15,810 15,960 14,755 16,814 18,463 17,180 19,144 18,435
1. Consider the following data:
| Month | Jan-14 | Feb-14 | Mar-14 | Apr-14 | May-14 | Jun-14 | Jul-14 | Aug-14 | Sep-14 |
|---|---|---|---|---|---|---|---|---|---|
| Profit ($) | 15,810 | 15,960 | 14,755 | 16,814 | 18,463 | 17,180 | 19,144 | 18,435 | 20,218 |
Step 1 of 4: Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.
Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of3 (most recent),2 (second latest time period), and1 (oldest time period). If necessary, round your answer to one decimal place.
Step 3 of 4:Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.50. If necessary, round your answer to one decimal place.
2. Consider the following data:
| Month | Jan-14 | Feb-14 | Mar-14 | Apr-14 | May-14 | Jun-14 | Jul-14 | Aug-14 | Sep-14 |
|---|---|---|---|---|---|---|---|---|---|
| Profit ($) | 16,416 | 16,566 | 15,355 | 17,420 | 19,063 | 17,240 | 19,138 | 18,501 | 20,290 |
Step 1 of 4:Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.
Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of3 (most recent),2 (second latest time period), and1 (oldest time period). If necessary, round your answer to one decimal place.
Step 3 of 4: Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.30. If necessary, round your answer to one decimal place.
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