Question: Consider the data below: Month 1 : sales = 2 0 0 Month 2 : sales = 2 1 4 Month 3 : sales =
Consider the data below:
Month : sales
Month : sales
Month : sales
Month : sales
Month : sales
Month : sales
Month : sales
Month : sales
Month : sales
Month : sales
Answer the following problems in a Word document.
Provide a moving average to this data. Consider a month, a month, and a month moving average. Provide a line chart of all potential moving averages relative to the actual results provided above. Compute the average deviation of your prediction. Which moving average would you recommend? Please copy and paste all of your work into a Word document.
Consider a weighting for the moving average. Provide an Excel file with the potential weights in cells A B for the month moving average; A B C for the month moving average; and A B C D E for the month moving average. What weightings would you recommend? Why? Note: I realize this is a wideopenno solution problem.
For the same data above, provide an exponential smoothing result. Please provide results for alpha incremented by up to alpha Please provide the average deviation for each alpha. Comment on the preferred alpha moving forward. What is the forecast for Month for each potential alpha?
What would you recommend as the forecasting tool to use going forward, given results from the previous problems
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