Month Sales January 20 February 21 March 15 April 14 May 13 June 16 July 17 August
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Question:
Month | Sales |
January | 20 |
February | 21 |
March | 15 |
April | 14 |
May | 13 |
June | 16 |
July | 17 |
August | 18 |
September | 20 |
October | 20 |
November | 21 |
December | 23 |
The monthly sales for Yazici Batteries, Inc., were as shown in the above table.
- Forecast January sales of the coming year using each of the following:
- Nave method
- 4-mth moving average
- Exponential smoothing using an alpha = 0.25
- A trend projection model
- With the data given, which method would you recommend for this data set and why?
- Discuss the trend projection model that you obtained for this data set.
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