Question: Dell computers sells laptops. Table 1 presents the 12 month sales for the year 2017 (10 points). Month Sales (in thousands) Jan 10 Feb 8
Dell computers sells laptops. Table 1 presents the 12 month sales for the year 2017 (10 points).
| 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
Get step-by-step solutions from verified subject matter experts
