Question: 1 pferences Click here for the Excel Data File a . Forecast September sales volume using each of the following: ( 1 ) The naive

1
pferences
Click here for the Excel Data File
a. Forecast September sales volume using each of the following:
(1) The naive approach.
Naive approach
thousands
(2) A five-month moving average. (Round your answer to 2 decimal places.)
Moving average
thousands
(3) A weighted average using 0.65 for August, 0.05 for July, and 0.30 for June. (Round your answer to 2 decimal places.)
Weighted average
thousands
Exponential smoothing with a smoothing constant equal to 0.20, assuming a March forecast of 14(000).(Round your intermediate cast values and final answer to 2 decimal places.)
cast
thousands
 1 pferences Click here for the Excel Data File a. Forecast

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!