Question: a) Using a 2 year moving average, the forecast for year 6= miles (round your response to the nearest whole number). b) If a 2

 a) Using a 2 year moving average, the forecast for year

a) Using a 2 year moving average, the forecast for year 6= miles (round your response to the nearest whole number). b) If a 2 -yoar moving average is used to make the forecast, the MAD bosed on this = mlles (round your response fo one decimal place) (Hint: You will have only 3 years of matched data) c) The forecant for year 6 using a weighted 2 year thoving average with woights of 0.40 and 0.60 (the woight of 0.60 is for the most recent period) = miles (reond your (espanse to the nearest whole number). years of matched data.) d) Uing exponential smooting with a =0.20 and the forecast tor year 1 being 3,000 , the forecast lor year 6 = mles (round your maponse fo the neareat whole numbert

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!