The following table shows Eagle Bee's monthly sales volumes: Actual Sales Volume January February March April...
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The following table shows Eagle Bee's monthly sales volumes: Actual Sales Volume January February March April May June July August September October November December 5000 8000 7000 3500 4000 4000 3500 6000 6700 8000 9000 10000 Forecast Values 1. Use the above data to forecast Eagle Bee's sales for the months February to December using the Naïve Method. 2. Use the above data to forecast Eagle Bee's sales for May to December using the four- months moving average method. 3. Use the above data to forecast Eagle Bee's sales for May to December using the four- month weighted moving average method. Eagle Bee assigns the factors.1, 2, 3, 4 for the oldest to the most recent month. 4. Assuming a smoothing constant a = 3 is used, forecast Eagle Bee's sales for the months May to December using the exponential smoothing method. The following table shows Eagle Bee's monthly sales volumes: Actual Sales Volume January February March April May June July August September October November December 5000 8000 7000 3500 4000 4000 3500 6000 6700 8000 9000 10000 Forecast Values 1. Use the above data to forecast Eagle Bee's sales for the months February to December using the Naïve Method. 2. Use the above data to forecast Eagle Bee's sales for May to December using the four- months moving average method. 3. Use the above data to forecast Eagle Bee's sales for May to December using the four- month weighted moving average method. Eagle Bee assigns the factors.1, 2, 3, 4 for the oldest to the most recent month. 4. Assuming a smoothing constant a = 3 is used, forecast Eagle Bee's sales for the months May to December using the exponential smoothing method.
Expert Answer:
Answer rating: 100% (QA)
Lets go through each of the forecasting methods step by step 1 Naive Method The Naive Method simply involves using the actual sales value from the pre... View the full answer
Related Book For
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi
Posted Date:
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