Question: Question 1 (5 points) Actual sales data for Probiotic Australia. were as follows, Month (year 2019) Actual Sales May 290,000 June 360,000 July 370,000
Question 1 (5 points) Actual sales data for Probiotic Australia. were as follows, Month (year 2019) Actual Sales May 290,000 June 360,000 July 370,000 August 390,000 385,000 295,000 Sep. Oct. Based on the actual sales date, forecast sales for November 2019 period using the following methods: i) naive method ii) A 3 month moving average iii) A 3 month weighted moving average for November, using weight of 3 for October, 2 for September and 2 for August iv) Exponential smoothing using alpha = 0.2 and a September forecast of 375,000 Show calculations
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
