Question: Dell computers sells laptops. Table 1 presents the 12 month sales for the year 2017. Month Sales (in thousands) Jan 10 Feb 8 Mar 12

Dell computers sells laptops. Table 1 presents the 12 month sales for the year 2017.

Month Sales (in thousands)
Jan 10
Feb 8
Mar 12
Apr 15
May 18
Jun 16
Jul 12
Aug 14
Sep 19
Oct 21
Nov 11
Dec 18

Forecast Jan 2018 sales using:

(1) five period moving average;

(2) A four period weighted moving average with weights 0.3 for Dec, 0.3 for Nov, 0.2 for Oct, 0.2 for Sep;

(3) Exponential smoothing with smoothing constant 0.3, assuming a Aug forecast 15.

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!