Question: please answer Year The table below shows the sales for product B of the last two years. Year Quarter Sales Year Quarter Sales Year Quarter

please answer Year The table below shows the

please answer

Year The table below shows the sales for product B of the last two years. Year Quarter Sales Year Quarter Sales Year Quarter Sales 1 800 1 840 1 820 200 2 230 2018 205 2019 2 2020 900 960 3 910 4 300 4 370 4 350 2 2021 Quarter 1 2 3 4 Sales ? ? ? ? 3 1) You are required to perform forecasting for year 2021 (per quarter) only to find December sale by using the flowing methods a) Exponential Smoothing forecast (a=0.4). b) Trend-Adjusted Exponential Smoothing forecast (a=0.6, B= 0.8). c) Find the MSE value for the above forecasting methods. Then, find which of the two three forecast methods (Exponential Smoothing and Trend-Adjusted Exponential Smoothing) for December do you prefer and why

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!

n Price Question.1 The table below shows the sales for product A of the last two years. In year 2020 the price is given for each month, and the sale is depending on the period and price. However, in...

Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on the operating performance of a firm. omments on its Your...

Dear Tutor, I need some help with my Accounting assignment. Let you know that company A is Michael Hill (MHJ), and company B is Blackmores (BKL) I have already attached three documents: 1) ACCT7101...

Calculate the profitability ratios of Petroxy OICa. in the following table. Convert all calculations to a percentage rounded to two decimal places. Decision makers and analysts look deeply into pro...

Attempts: Keep the Highest: / 2 6. Profitability ratios Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on...

6. Profitability ratios Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on the operating performance of a...

In the audit of the Worldwide Wholesale Company, you did extensive ratio and trend analysis as part of preliminary audit planning. Your analytical procedures identified the exceptions below. Read the...

*DO NOT REUSE PAST ANSWERS AS THEY ARE DIFFERENT* Read and answer each question to receive a like! Charlie owns a company that sells and installs hot tubs; sales are fairly consistent from year to...

*DO NOT COPY, DIFFERENT FROM PAST QUESTIONS* Please answer each question correctly and recieve a like! Charlie owns a company that sells and installs hot tubs; sales are fairly consistent from year...

46. The kind of cost that can be ignored in short-term decision making is a(n): O A. Differential cost B. Incremental cost C. Sunk cost O D. Relevant cost47. Which of the following statements is...

Use a browser to search for child labor. How extensive is the problem of child labor? How do you think child labor affects the childs daily life? How does it affect the childs future? What about the...

What is the visual inspection method? List the steps in this method.

Respond to the following post. believe that financial statements are crucial when deciding whether it be to invest in a business or offer them a loan. First the income statement shows "a firm's...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...