Question: Plot the data and describe what you see. Superimpose the graphs by year. b . Simulate a forecast using the 4 - month moving average

Plot the data and describe what you see. Superimpose the graphs by year.
b. Simulate a forecast using the 4-month moving average technique. What is the forecast for
January 2015?
c. Simulate a forecast using the exponential smoothing technique with =0.2. What is the
forecast for January 2015?
d. Which method is better, the moving average or exponential smoothing? Explain.
e. Compute the tracking signal for both forecasting methods and comment on them.
f. Suppose you create the following seasons: Season 1: January; Season 2: February and
March; Season 3: April, May, June, and July; Season 4: August and September; and Season 5:
October, November, and December. Compute the seasonal indices.
g. Suppose the forecast for 2015 is 16,000 in total. Using the seasonal indices from part f,
compute the forecast for each month of 2015.
 Plot the data and describe what you see. Superimpose the graphs

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!