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home / study / business / operations Management / operations management questions and answers / the silverchems company is to Question: The Silverchems Company is trying to choose the most 1. The Silverchems Company is trying to choose the most appropriate forecast technique to use for planning ahead in the coming years. Their historical data for the sales of the last 6 months is presented in the table below. Calculate the forecasts by using: a. Simple average method, b. Weighted moving average method for 2 periods, with weights 0.8 and 0.2, c. Exponential smoothing method with a = 0.4. Months April May June July August September Actual Sales 120 160 180 190 170 150 Note: Forecast for the sales of October too. Expert Answer o Question: The Silverchems Company is trying to choose the most appropriate forecast technique to use for planning the coming years. Their historical data for the sales of the last 6 months is presented in the table below. Calculate the the full answer >

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