Question: ome Auto sales at Carmen's Chevrolet are shown below. Develop a 3-week moving average. Week Auto Sales 1 8 2 10 3 9 4 11

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Auto sales at Carmen's Chevrolet are shown below. Develop a 3-week moving average. Week Auto Sales 1 8 2 10 3 9 4 11 5 10 6 13 7 Problem 2: Carmen's decides to forecast auto sales by weighting the three weeks as follows: Period Weights Applied 3 Last week 2 Twoweeks ago 1 Three weeks ago 6 Total Problem 3: A firm uses simple exponential smoothing with a = 0.1 to forecast demand. The forecast for the week of January 1 was 500 units whereas the actual demand turned out to be 450 units. Calculate the demand forecast for the week of January 8. Problem 4: Exponential smoothing is used to forecast automobile battery sales. Two value Auto sales at Carmen's Chevrolet are shown below. Develop a 3-week moving average. Week Auto Sales 1 8 2 10 3 9 4 11 5 10 6 13 7 Problem 2: Carmen's decides to forecast auto sales by weighting the three weeks as follows: Period Weights Applied 3 Last week 2 Twoweeks ago 1 Three weeks ago 6 Total Problem 3: A firm uses simple exponential smoothing with a = 0.1 to forecast demand. The forecast for the week of January 1 was 500 units whereas the actual demand turned out to be 450 units. Calculate the demand forecast for the week of January 8. Problem 4: Exponential smoothing is used to forecast automobile battery sales. Two valueStep by Step Solution
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