The number of new savings bank account open by cash less bank branch is given in table.
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Question:
The number of new savings bank account open by cash less bank branch is given in table.
Week no. | Account No. |
1 | 25 |
2 | 30 |
3 | 35 |
4 | 20 |
5 | 50 |
6 | 45 |
7 | 40 |
8 | 20 |
9 | 35 |
10 | 40 |
Required
A) Forecast the number of savings bank account for Week no. 11 using two methods.
a) Exponential smoothing method- (Alpha) = 0.4
b) Weighted moving average using weights as- 0.7, 0.2 and 0.1 Assume forecast for week no 1 was 35
B) Which of two methods you suggest for making forecasts. Justify
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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