Question: a ) Use exponential smoothing, first with a smoothing constant of 6 and then with one of 9 , to develop forecasts for years 2
a Use exponential smoothing, first with a smoothing constant of and then with one of to develop forecasts for years through
b Use a year moving average to forecast demand in years and
c Use the trendprojection method to forecast demand in years through
d With MAD as the criterion, which of the four forecasting methods is best?
The monthly sales for Yazici Batteries, Inc., were as
follows:
tableMonthSAIESJanuaryFebruaryMarchAprilMayJune iJulyAugustSeptemberOctoberNovemberDecember
a Plot the monthly sales data.
b Forecast January sales using each of the following:
i Naive method.
ii A month moving average.
iii A month weighted average using and with the heaviest weights applied to the most recent months.
iv Exponential smoothing using an and a September forecast of
v A trend projection.
c With the data given, which method would allow you to forecast next March's sales?
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