Question: Options for C - The naive method , a 6-month weighted moving average , exponential smoothing , a 3-month moving average , a trend projection

Options for C - The naive method , a 6-month

Options for C - The naive method , a 6-month weighted moving average , exponential smoothing , a 3-month moving average , a trend projection

Please Help (29)

The monthly sales for Telco Batteries, Inc., were as follows. N This exercise contains only parts b and c. b) The forecast for the next month (Jan) using the naive method = sales. (Round your response to a whole number.) The forecast for the next period (Jan) using a 3-month moving average approach = sales. (Round your response to two decimal places.) The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10,0.10,0.10,0.20,0.20, and 0.30, where the heaviest weights are applied to the most recent month = sales. (Round your response to one decimal place.) Using exponential smoothing with =0.35 and a September forecast of 21.00, the forecast for the next period (Jan) = sales. (Round your response to two decimal places.) Using the method of trend projection, the forecast for the next month (Jan) = sales. (Round your response to two decimal places.) c) The method that can be used for making a forecast for the month of March is

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!