1. Given the following, determine the expected sales on September 18th and September 19th, using a...
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1. Given the following, determine the expected sales on September 18th and September 19th, using a 3- day weighted moving average. 2. Is your weighted moving average result higher or lower than if you had simply done a 3-day moving average? What caused it to be higher or lower? MONTH DATE ACTUAL SALES IN DOLLARS SEPTEMBER NEHE6789 12 13 14 15 16 17 18 19 $1,500 $2,500 $2,500 $3,500 $3,000 $4,500 W1 = 10 W2 = 25 W3 = 30 1. Given the following, determine the expected sales on September 18th and September 19th, using a 3- day weighted moving average. 2. Is your weighted moving average result higher or lower than if you had simply done a 3-day moving average? What caused it to be higher or lower? MONTH DATE ACTUAL SALES IN DOLLARS SEPTEMBER NEHE6789 12 13 14 15 16 17 18 19 $1,500 $2,500 $2,500 $3,500 $3,000 $4,500 W1 = 10 W2 = 25 W3 = 30
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Answer To calculate the expected sales on September 18th and September 19th using a 3day weighted moving average we need to assign weights to the sales data for the three preceding days and calculate ... View the full answer
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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