Question: Using weighted moving average, compute the forecasted sales for July (use the following weight for the past 3 months). Using exponential smoothing, compute the forecasted
Using weighted moving average, compute the forecasted sales for July (use the following weight for the past 3 months).
Using exponential smoothing, compute the forecasted sales for July. Assume 5 period average for forecast of 6th period with a smoothing constant of ? = 0.70.
Using exponential smoothing, compute the forecasted sales for July. Assume 5 period average for forecast of 6th period with a smoothing constant of ? = 0.60.
Which of the following alpha is a better prediction?

\f
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
