Question: The forecast for the next period ( Jan ) using a 6 - month weighted average with weights of 0 . 1 0 , 0

The forecast for the next period(Jan) using a6-month weighted average with weights of 0.10,0.10,0.10,0.20,0.20, and 0.30, where the heaviest weights are applied to the most recent month=
20.7 sales (round your response to one decimal place).
Part 5
Using exponential smoothing with alpha =0.35 and a September forecast of 18.00, the forecast for the next period(Jan)=
19.21 sales (round your response to two decimal places).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!