Question: Please do in EXCEL!!!! Month Sales (000 unity) 2 19 3 18 4 15 5 20 6 18 7 22 8 20 . Determine forecasts
Please do in EXCEL!!!!
| Month | Sales (000 unity) |
| 2 | 19 |
| 3 | 18 |
| 4 | 15 |
| 5 | 20 |
| 6 | 18 |
| 7 | 22 |
| 8 | 20 |
. Determine forecasts for as many of the months of March through September that you can using each of the following methods: (Assume you are starting at the end of February and revise the forecast as new data is collected)
i. The Naive method
ii. A 3-point moving average
iii. A weighted 4-point moving average using the following weights:
wt-1 = .65, wt-2, = .20 wt-3 = .10, wt-4 = .05
iv. Exponential smoothing with a = 0.40, assume the forecast for February was 20.
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