Actual sales of a product for the past 6 months were the following: Actual MA Forecast WMA
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Question:
- Actual sales of a product for the past 6 months were the following:
Actual | MA Forecast | WMA Forecast | Exp Smoothing Forecast | |
January | 72 | |||
February | 75 | 71.3 | ||
March | 77 | |||
April | 78 | ? | ||
May | 81 | ? | ||
June | 83 | ? | ? | |
July | ? |
Part A: Using a 3-month moving average, what would the forecasts for April, May, and June have been?
Part B: Using a 3-month weighted moving average, what would you forecast JULYsales to be with weights of .10, .30, and .60 for April, May, and June, respectively?
Part C: Using Exponential Smoothing with an alpha factor of .30, if the exponential forecast for February was estimated at 71.3, what would you forecast JUNE sales to be?
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