Q2-Sales Data (4pt) Download Q2 Excel file from Moodle. Use this template to answer the questions...
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Q2-Sales Data (4pt) Download "Q2" Excel file from Moodle. Use this template to answer the questions (part 1 to 4) below. Save the files as "Question Number Last Name" (e.g. Q2_LEE) The following time series shows the sales of a particular product over the past 12 months: Month Sales 1 105 2 135 3 120 4 105 5 90 6 120 7 145 8 140 9 100 10 80 11 100 12 110 1. Use a 3-month moving average to smooth the time series. Forecast the sales for the month 13. 2. Use a 3-month weighted moving average to smooth the time series. Use a weight of .5 for the most recent period, .4 for the next period back, and .1 for the third period back. Forecast the sales for the month 13 Q2-Sales Data (4pt) Download "Q2" Excel file from Moodle. Use this template to answer the questions (part 1 to 4) below. Save the files as "Question Number Last Name" (e.g. Q2_LEE) The following time series shows the sales of a particular product over the past 12 months: Month Sales 1 105 2 135 3 120 4 105 5 90 6 120 7 145 8 140 9 100 10 80 11 100 12 110 1. Use a 3-month moving average to smooth the time series. Forecast the sales for the month 13. 2. Use a 3-month weighted moving average to smooth the time series. Use a weight of .5 for the most recent period, .4 for the next period back, and .1 for the third period back. Forecast the sales for the month 13
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