Question: Use Excel to create the plot and make Excel do the calculations Use the following data to calculate the forecasts as indicated below. Period Actual
Use Excel to create the plot and make Excel do the calculations
Use the following data to calculate the forecasts as indicated below.
| Period
| Actual sales |
| 1 | 46 |
| 2 | 55 |
| 3 | 51 |
| 4 | 44 |
| 5 | 49 |
| 6 |
|
a. Determine forecasts for Period 5 and Period 6 sales volume using each of the following methods:
i. Simple Nave forecast
ii. Four period moving average forecast
iii. A three-period weighted moving average using the following weights:
wt-1 = .45, wt-2 = .35, wt-3 = .20
iv. Exponential smoothing with a smoothing constant of .70, assuming the Period 4 forecast was 48
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