Question: Using a weighted moving average, what is the forecast for September with weights of 0 . 3 0 , 0 . 4 0 , and

Using a weighted moving average, what is the forecast for September with weights of 0.30,0.40, and 0.30 for June, July, and August, respectively?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Using single exponential smoothing and assuming that the forecast for June had been 142, forecast sales for September with a smoothing constant \alpha of 0.30.
Note: Do not round intermediate calculations. Round your answer to 2 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!