Question: Problem # 1 Here are the data for the past 2 1 months for actual sales of a particular product: Develop a forecast for the
Problem #
Here are the data for the past months for actual sales of a particular product:
Develop a forecast for the Month of October using
amonths moving average
bmonths moving average
cmonths weighted moving average. Weight the most recent month the second most recent and the third
d Exponential smoothing and assuming alpha of and forecast for September this year of
e Exponential smoothing with trend using same assumptions as in part D plus delta of and September this year trend forecast of
f Linear regression
If the actual sales in October were which model is the most accurate in predicting Octobers demand?
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