Question: A company records reported below indicate monthly sales data for XYZ Company. Use the below mentioned techniques to help the administration: Month Sales (units) October

  1. A company records reported below indicate monthly sales data for XYZ Company. Use the below mentioned techniques to help the administration:

Month

Sales

(units)

October

9

November

11

December

13

January

13

February

14

March

14

April

15

May

16

June

18

July

20

  1. Compute and explain the 2-month moving average.
  2. Calculate exponential smoothing with smoothing constant 0.4 and forecast value 12 for the first period. Briefly explain.
  3. Use RMSE model and decide which technique (simple moving average or exponential smoothing) is better? Briefly explain.
  4. Plot the monthly data, moving averages and exponential smoothing estimates on a line graph. Briefly explain the pattern.

Calculations with no explanations are not acceptable.

THAT IS THE QUESTION , NO MORE INFORMATION NEEDED. I NEED HELP ASAP .

Write all details possible.

Answer this in less than 8 hours and you'll be granted an upvote, that's a promise.

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!