Question: Please show all working The table below shows the sales figures for a brand of shoe over the last 12 months. a. Using the following,

Please show all working The table below shows the

Please show all working

The table below shows the sales figures for a brand of shoe over the last 12 months. a. Using the following, forecast the sales for the months up to January the following year:- i. A simple three month moving average. ii. A three period weighted moving average using weights of 1, 2 and 3. Assign the highest weight to the most recent data. iii. Exponential Smoothing when =.6 and the forecast for March is 350 . iv. Determine which of the three forecasting technique is the most accurate using MAD. b. The following table shows the number of televisions sold over the last ten years at a local electronic store. i. Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all working. You will need to develop a table to calculate the slope and the intercept. ii. Use that formula to forecast television sales for years 11 and 12

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!