Question: Use 5 months moving average and exponential smoothing method (using alpha=0.3) on the following sale of Maggi. You are supposed to forecast the sale of
Use 5 months moving average and exponential smoothing method (using alpha=0.3) on the following sale of Maggi. You are supposed to forecast the sale of Maggi in the 13th Month. Compare whether there is any difference in forecast based on two methods and Comment.
| Period (Month) | Actual Sale of Maggi |
| 1 | 1100 |
| 2 | 800 |
| 3 | 1000 |
| 4 | 1050 |
| 5 | 1500 |
| 6 | 750 |
| 7 | 700 |
| 8 | 650 |
| 9 | 1400 |
| 10 | 1200 |
| 11 | 900 |
| 12 | 1000 |
| 13 |
|
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