Question: He thinks that two methods could be used to forecast future sales: linear regression and weighted moving average. 3 . 1 Using Excel, please run

He thinks that two methods could be used to forecast future sales: linear regression and weighted moving average.
3.1 Using Excel, please run linear regression on this data. Based on the results you obtain; do you think that
linear regression is appropriate in this case? Why?
3.2 Which forecasting method do you think is best suited to forecast this data? Why? Apply the suggested
forecasting method.

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!