Question: Plot the monthly sales data. Forecast January sales using each of the following: Naive method. A 3 - month moving average. A 6 - month
Plot the monthly sales data.
Forecast January sales using each of the following:
Naive method.
A month moving average.
A month weighted average using and with the heaviest weights applied to the most recent months.
Exponential smoothing using an
and a September forecast of
A trend projection.
With the data given, which method would allow you to forecast next Marchs sales? MyLab Operations Management also includes a shorter brief version of this problem.tableMONTHSALESJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctober
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