Question: Please do not solve problem 7, only solve problem 9. However, data from problem 7 is needed. 7. Sales for the past 12 months at

7. Sales for the past 12 months at Computer Success are given here. a. Use a 3-month moving average to forecast the sales for the months May through December. b. Use a 4-month moving average to forecast the sales for the months May through December. 9. Consider the sales data for Computer Success given in Problem 7. a. Use a 3-month weighted moving average to forecast the sales for the months April through December. Use weights of (4/8), (3/8), and (1/8), giving more weight to more recent data. b. Use exponential smoothing with =0.6 to forecast the sales for the months April through December. Assume that the initial forecast for January was $3,200. Start error measurement in April
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
