A small company gathered sales data over the last 7 months as follows: Month Sales January 198

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A small company gathered sales data over the last 7 months as follows:

Month Sales

January 198

February 225

March 270

April 249

May 258

June 282

July 276

August

Do not round answers.

a) What is the 3-month moving average forecast for May?

b) What is the 2-month weighted moving average forecast for June using weights 3 and 1?Assign higher weight to the most recent period.

c) Given that the exponentially smoothed forecast for February is 198, what is the simple exponential smoothing forecast for March with=0.5?

Posted Date: May 19, 2024 05:09 PM

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A small company gathered sales data over the last 7 months as follows: Month Sales January 198

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